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The Wall Street Journal Online

Queen Anne Style Bed And Breakfast Resort In California

California

Seller Financing Available

Photo Available
Asking Price:
N/A
Gross Income:
$131,000
Cash Flow:
$65,000
EBITDA:
$36,000
FF&E:
$400,000.00 *
Inventory:
$25,000.00 *
Real Estate:
$1,200,000.00 *
Year Established:
1953
Employees:
2 pte 2 fte
Business Types:
Hotels & Other Lodging Places
Other Eating & Drinking Places

* included in the asking price

Business Description

Owner's willing to accept a property sell if buyer
desires. Valued at $800k
This beautiful historic Queen Anne-style bed &
breakfast inn, complete with old fashioned
hospitality and turn-of-the-century antique
furnishings has been welcoming guests since 1983.
With its elegant Country Victorian guest rooms and
suites, it creates a sense of nostalgia and serenity
for their guests, which is why they have a 90%
repeat customer base! The beautifully landscaped
grounds make weddings, honeymoons, and
romantic getaways unforgettable. Their
Conference Center is perfect for small executive
retreats and seminars. Biker's are welcome here;
they have private and secure off street parking. Call
today for full details!
This beautiful, exquisite Inn loves to cater to their
overnight quests, they offer a GREAT breakfast
each morning and from 6:00 pm till 7:30 pm they
have a "wine hour" that is free of charge to the
guests. This California based business for sale takes
pride in their work and it shows in the way the Inn is
maintained as well as the quality service that
continues to bring customers in again and again.
The management in place is outstanding as is the
staff, reputation, recognition, quality service and
personnel that make this business for sale a great
opportunity for a new buyer. Owner financing is
available to a qualified buyer looking to buy a
business such as this. This is a fantastic opportunity
to buy and own a solid real estate investment that
is located in a highly desirable location!
They have 13 guest rooms and suites decorated in
Country Victoriana. They also have a unique
antique and gift shop. Relax in the 50-jet hot tub,
stroll along the nature trail, play ping pong or
croquet, practice on their putting green and enjoy
wine & hors d'oeuvres daily.

Detailed Information

Facilities:
This handsom house boasts 16 bedrooms, 11 bathrooms & 1 basement. The beautiful 11,900 sq ft facility is located on .8 acres and has gone through a recent restoration process. There is also a retail space with antiques and gifts. The building is three stories tall with a small additional storage building. This location is unbeatable for this kind of business and many more!
Competition:
There is some competition in the area, but client's choose this location because they feel like they stepped back in time with the luxurious furnishings and extensive grounds. The staff are friendly and welcoming, this is great bed & breakfast to just "Get away from it all."
Growth/Expansion:
Stronger marketing efforts and the addition of a restaurant would greatly increase profits.
Financing:
Negotiable up to 20%.
Support/Training:
Owner will stay on for a reasonable time to allow for a smooth transition. Staff will also stay on after the sale.
Reason Selling:
Retirement.
Contact Seller

Broker Information

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(from currently available resources)
months
 

Business For Sale Listed By

Jason Hullender
IAG

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