Services - Hotels & Other Lodging | Services - Other Miscellaneous services

Asking Price	$1,150,000	Inventory
Gross Income	$257,000	Real Estate	$1,150,000*
Cash Flow	$147,000	Year Established	1995
FF&E	100,000*	Employees	2

* included in the asking price

** not included in the asking price

The China Clipper is a profitable bed and breakfast located in America's "Little Switzerland", Ouray Colorado. Surrounded by majestic peaks in all directions, Ouray is heavily touristed particularly in summer. Built in the mid 1990's as a bed and breakfast, the China Clipper has been well-designed for its use. Located just a block off of Main Street in the middle of town, guests may walk to shops, galleries and restaurants--all that the town has to offer. With 13 well proportioned guest rooms (one a two room suite) the original builder has spent the last 13 years creating a stable business. It is very reasonably priced and is considered an investment grade property. Priced at a 13% cap rate, the business should qualify easily for 80% financing. Truly a mountain getaway, Ouray and surrounding areas offer all year round outdoor activities. In winter, home to world renowned ice climbing festivals, Ouray bustles with activity. Nearby Telluride has some of the best downhill skiing Colorado has to offer.

Facilities: The property is about 7100SF configured with several gracioulsy proportioned common areas on the main floor. All guest rooms are located on the second floor, or in the rear wing of the building. The two bedroom two bath owner's quarters is situated on the walkout lower level, and offers privacy from the guests. The lower level also houses the laundry facilities, storage and garage area.

Competition: There are a number of hospitality lodging properties in Ouray as it is a destination resort area. This is the largest bed and breakfast style property in Ouray, and has an established repeat clientele.

Growth/Expansion: This is a mature business. There is room for some moderate growth in the occupancy levels.

Financing: Seller may consider 10% Seller Carry for full price offer.

Support/Training: Seller will provide appropriate training for buyer.

Reason Selling: Owner retiring