Historic Hotel, Restaurant, and Bar for sale near Virginia City, NV.!

Gold Hill, NV (Storey County)

Outside dining patio
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Asking Price: $165,000

Cash Flow: $100,760

Gross Revenue: $636,289

EBITDA: N/A

FF&E: $200,000

Inventory: $8,000*

Rent: $8,000 /Month

Established: 1900

*not included in asking price.

Historic Hotel, Restaurant, and Bar for sale near Virginia City, NV.!

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Business Description

The oldest operating hotel in Nevada

Located in a very busy tourist town. We are the only hotel in the area with a full service bar and restaurant. The original section of the hotel was built in 1862, which makes us the oldest operating hotel in Nevada. The has 12 hotel rooms and 5 cabins, one of which has been featured on ghost hunters three times. This business includes a thriving wedding/ special event business as well, we have over 10 weddings/ special events booked in the next 10 months. Note we are the only white table cloth fine dining establishment on the Comstock. Please keep business sale confidential from current employees. Contact Patrick McNamee only for details.

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Detailed Information

Location:
Gold Hill, NV
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
7,850
Lease Expiration:
3/15/2030
Employees:
5 FT, 6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
12 room hotel. Four rooms are original rooms which are located in the original section of the hotel. 8 of the hotel rooms are in the section of the hotel that was added on in the late 1980's. There are five cabins one of which is located behind the hotel and four are located across the street. Restaurant was renovated in April of 2016. Beautiful one of a kind bar with rock walls and brick floors. Mark Twain used to hang out in this bar back in the day.
Competition:
The city continues to get busier each year. This hotel is the only one within a 20 mile radius that has a full service restaurant and bar.
Growth & Expansion:
Hotel cabins could make more money since we use two cabins as personal residences. So only three are rented out.
Financing:
This is for the sale of the business. Real Estate also available
Support & Training:
Training offered for two weeks.
Reason for Selling:
Opportunity to pursue a new business interest
Business Website:
http://www.goldhillhotel.net
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Business Listed By:
Patrick McNamee

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