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Historic LaBonte Hotel Restaurant and Saloon - Broker Owned

Douglas, Wyoming (Converse County)

Retail - Restaurants | Retail - Bars/Taverns

Asking Price $700,000 Inventory $25,000* 
Gross Income $725,000 Real Estate $1,100,000* 
Cash Flow Not Disclosed Year Established 1914
FF&E $75,000* Employees 25

* included in the asking price

** not included in the asking price

Historic 30,000+ square foot brick building housing a hotel, restaurant, and saloon. Great opportunity for experienced owners. Business was closed for two+ years when present owners purchased the business in May, 2005. Business has grown steadily during last two years but present owners are running out of gas. Located in growing area.

Facilities: Historic Hotel built in 1914, renovated in 1967, and again in 1984. Coffee shop, diningroom, saloon. Nine one bedroom apartments on third floor with twenty-two hotel rooms on second floor. 22,000 square feet in three stories plus 7500 square foot basement.

Competition: Located in town of 5500 people. Many newer rooms in town. Several restaurants and bars, no other historic. Good downtown location.

Growth/Expansion: Located in expanding area of Wyoming with good growth potential.

Reason Selling: Need to retire.

AD # 315748

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