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Sba Approved - Real Estate Included - Hotel
Location: United States -> California -> Northern California - All Northern California -> Jamestown
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

SBA Approved - Real Estate Included - 9 Bedroom Hotel/Bar/Restaurant, Patio and Owners Apartment

RRC#:
Asking Price: $1,600,000
Location: 18183 Main Street, Jamestown CA
Annual Revenue: $1,142,400
Annual Cash Flow: $395,000
Monthly Rent: Real Estate Included

Listing Description:
SBA Approved - Real Estate Included for The Circa 1859 National Hotel, Restaurant, Bar, Patio including an owner's 2 bedroom apartment. This is the first time in 46 years that this business has changed hands and is for sale amongst the 10 oldest lodging properties in California. Extremely low fixed interest rate SBA finance is available over 20+ years.

This is a business and a home all in one. See the Annualized financials below. 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 sq ft 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 46 years of upgrading the property while keeping the historic charm of this restaurant and hotel and now having owned and operated since 1974 he wishes to retire. Recent remodels and investments include the addition of full back-up power electric generators for 24/7 independence, the last 2 bedrooms, webcams installed throughout, new draft beer walk-in, new backyard & fence built, inserted stained glass & replaced the whole front 2nd floor balcony.

This hotel and restaurant includes the real estate and offers a once in a lifetime opportunity to purchase 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 finishes for those historical lovers.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,142,400
Cash Flow:   $395,000
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 Lease

About The Sale

Reason For Selling:  Retirement




Print Listing Id: 700359851
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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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