Gross Revenue: $1,350,000
Price Reduced - Real Estate Included, ''inn'' With 32 Bedrooms
Price Reduced - Real Estate Included, ''inn'' With 32 Bedrooms, Bar & Restaurant Located On Hwy 395.
RRC#: 2350 Asking Price: $1,550,000 Location: 205 Main St, Bridgeport, Mono County, California Yearly Revenue: $1,350,000 Yearly Cash Flow: $264,000 Monthly Rent: Real Estate Included LISTING DESCRIPTION: Historic Inn built with charm in 1877 and operated with love by the current owners since 1999. This is a dream location and a highly profitable business. For the right buyer seeking a more relaxed countryside way of life away from the bustling city this Inn priced at $1.55 million is the perfect way of life. SBA Lender pre-approval has been obtained so a 25 year loan/mortgage is available to a well qualified buyer. Located in the Eastern Sierra the Bridgeport Inn is nearby Yosemite National Park, Mono Lake and Bodie Ghost Town State Park and only 45 minutes from the "World Famous" Mammoth Mountain Ski Resort. The 16 main lodge rooms are quaint with antique furnishings with a further building which encompasses an additional 15 rooms that are all en- suite and charming. There is also a one bedroomed cottage with full kitchen which could be used as the owners accommodation giving the new owner/operators a business and a home. The Bridgeport Inn is the only lodging establishment in the area to offer a full service bar and restaurant. Locals and tourists alike enjoy the hospitality at the Bridgeport Inn. The Inn is open seasonally at present, mid-March through mid-November giving the owner a convenient downtime for annual repairs and maintenance and off- season vacation time. The 2015 annual room revenue was $376,000 and food & beverage revenue $670,000, totaling $1,046,000, with profits of $183,000. 2016 is showing an overall gross revenue increase of 20% year to date. Marketing the Inn includes contracts with Expedia, Booking .com, and all major “Online Travel Agents”. The bar, dining room and living room are full of historic character. The outdoor roadside garden is used for private parties and holiday events. Existing outdoor furniture including tables, chairs, serving stations and stage platforms greatly enhances the curb appeal and increased revenue opportunities. The outdoor garden can seat 150, and the well laid out kitchen can easily cope with the increased business. The line kitchen is loaded with a type 1 hood and fire suppression system, broiler, 2 deep fryers, flat top and refrigerated work tops. The prep kitchen has ample s/s work surface, dishwasher, large Hobart mixer, slicer machine, upright fridges and freezers, ice machine, large walk-in fridge and separate dry stores room. 2 separate adjacent parcels totaling 1.5 acres with a bar, restaurant and 32 bedrooms with ample parking and a cool, historic, neon road sign are all included with the sale. A full list of room furniture, dining room and kitchen equipment, financials and photo''s are available on request. Complete the ‘Confidential Information’ request at the top of this page and we will send you Photo''s, History, Marketing & Income Statements about this business. We will also send you the broker contact information so you can discuss this "Inn" Hotel, Bar and Restaurant opportunity in more detail. GENERAL INFORMATION: Organization: Sole Proprietorship | Year Established: 1877 | Current Owner: 1999 | Employees: 24 | Seating: 100 | Square Footage: 65340 | Parking: 80+ | Licenses Required: Health, Business and ABC Type 47 License | Days Open/Hours: Only Open 8 Months per Year | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $1,350,000 | Yearly Cash Flow: $264,000 | Payroll: $32,000 | LEASE INFORMATION: Monthly Rent: Real Estate Included | Lease Expiration: Real Estate Included | Yearly Adjustment: Real Estate Included | Lease Option: Real Estate Included | Security Deposit: Real Estate Included |
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