Retail - Other Eating & Drinking Places | Retail - Restaurants

Asking Price	$118,000	Inventory	$8000**
Gross Income	$163,509	Real Estate	$98,000*
Cash Flow	$52,140	Year Established	1865
FF&E	$20,000*	Employees	N/A

* included in the asking price

** not included in the asking price

ONCE IN A LIFETIME OPPORTUNITY to own Boscobel's most famous landmark - the Central House Hotel, Birthplace of the Gideon Bible. This three-story stone building has a storied history dating back to 1865 when the original part of the building was constructed by Adam Bobel following his return from the Civil War. The main floor includes a fully operating bar and up-to-date stainless steel kitchen facilities along with two dining rooms and a large lobby area. The second floor houses a spacious apartment for the owner or a tenant, the nicely preserved Gideon Room, and a host of possibilities for renovation of the remainder of this floor along with the third floor. While the main floor of this property has had much restoration work and recent updating, the upper floors of the building are in need of fairly extensive work and the seller has reflected that in the asking price. This building is on the National Register of Historic Places and as such, may be eligible for tax credits associated with historic preservation/restoration.

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Facilities: This three-story stone building was built as a hotel in the mid-1800's. The main floor includes a fully operating bar and up-to-date stainless steel kitchen facilities along with two dining rooms and a large lobby area. The upper two floor could be renovated as a new owner would choose.

Competition: Located on Boscobel's historic Wisconsin Avenue, this building is a well-known area landmark.

Growth/Expansion: The second and third floors of the building provide mutiple opportunities for living quarters and business expansion.

Financing: No seller financing offered

Support/Training: Seller open to buyer proposals

Reason Selling: Owners have other full-time jobs and are unable to devote sufficient time