Sba Approved - Real Estate Included - Hotel

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Listing ID: 700359851

Listing Title: Sba Approved - Real Estate Included - Hotel

Quick Link: http://www.globalbx.com/listing.asp?bId=359851

Industry: Hotels and Holiday Accommodation

Industry Segment: Hotels

Country: United States

State / Province: California

Area Northern California - All Northern California

City: Jamestown

Asking Price Range: $1.0M - $2.5M

Gross Revenues: $1,142,400

Cash Flow: $395,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1900

Number of Employees: 20 - 34

Business Description:
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.



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