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Potential B&B And Vacation Rentals
Location: United States -> California -> Southern California - All Southern California -> Santa Barbara
Industry: Hotels and Holiday Accommodation > Other Hotels and Holiday Accommodation

Business Summary

Calling entrepreneurs / business developers and / or someone who has imagination and would like to own and operate a profitable B&B and Vacation Rental business!

Offering a rare downtown property in the American Riviera, beautiful Santa Barbara California, a vacation destination. This property boasts a Queen Anne / Craftsman home (transition piece) of historic significance, built ~1898. Behind the home is buildable land sufficient to build a duplex with 2 townhouses (1000 s.f. each) over garages. Professionally drawn plans and working drawings are available. The plans had been approved by ABR for this site; but building did not go forward at that time.

Main home could be a B&B with 7 bedrooms and 6 bathrooms. It is currently income producing at ~$6500 / month as a rooming house. Conversion to a B&B would be simple. The townhouses could be rented on yearly lease, month-to-month, by the month, or as vacation rentals. Income potential when built out could be $200K-250K/Yr.

These projections are based on owners' business across the street from this property. The business model is valid.

For more information contact owners at 805-452-1040 for Karen; or, 805-896-3848 for Cliff


Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $250,000
Cash Flow:   $200,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1998
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner is a graduate architect and is a CA licensed general contractor. He's willing to be available during construction. Wife manages vacation rental property across the street and the rooming house. She will advise and teach her methods for maintaining both properties and generating cash flow.
Reason For Selling:  Semi-retirement

Print Listing Id: 700268841
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers

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