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Sba Pre Approved Boutique Hotel With Restaurant
Location: United States -> California -> Northern California - All Northern California -> Merced County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

Rural 'Jamestown' - SBA Pre- Approved - Real Estate Inc - Boutique Hotel with Restaurant.

RRC#: 3746
Price Reduced: Offered At $1,600,000
Location: 18183 Main Street Jamestown, CA, Tuolumne county
Annual Revenue: $917,915
Annual Cash Flow: $203,146
Monthly Rent: Real Estate Included

Listing Description:
Move to the the Tourist driven rural town of Jamestown. The National Hotel with it's Restaurant, Bar, Patio and Owners Accommodations is a truly historic gem and has been in business since 1859. This is the first time in 45 years that it's offered for sale and amongst the 10 oldest lodging properties in California. Extremely low, fixed interest rate SBA finance is available over 25 years. This is a business and a home all in one. The lot size is over 11,500 square feet with 5,365 of hotel and restaurant building plus an owner or manager's 1,200 square feet home on site which is included with the sale. There is also a further 1,100 sq ft of covered storage. The owner has taken great pride over 45 years of upgrading the property while keeping the historic charm of this restaurant and hotel but having owned and operated solely since 1974 he wishes to retire. Recent remodels and investments include the addition of the last 2 bedrooms, webcams installed throughout, new draft beer box installed, new backyard & fence built, inserted stained glass & replaced the whole front 2nd floor balcony and finally being installed, a power generator so the business can ruction normally during a outage. This hotel and restaurant includes the real estate and is a once in a lifetime opportunity and a turnkey operation with many long time employees. 9 exquisite bedrooms for this bed and breakfast boutique hotel upstairs, each having a private bathroom. Loyal clientele come for the experience from miles away. There is an ABC Type 47 hard liquor license, a bar and restaurant plus a large outdoor patio area with its organic garden. Hotel rooms include bathroom with antique finis


Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $917,915
Cash Flow:   $203,146
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1900
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Retirement

Print Listing Id: 700350428
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