Historic Restaurant/ B&B Including Real Estate, Owner Retiring

Jamestown, CA (Tuolumne County)

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Asking Price: $1,900,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $1,650,000

Established: 1974

Historic Restaurant/ B&B Including Real Estate, Owner Retiring

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Business Description

Established, profitable business Owner retiring after 45 years

This 1859 historic property, one of the 10 oldest lodging properties in the State of California, is in excellent restored condition. Catering to the culinary delights and comfort of the clientele, this Gold Country restaurant and boutique hotel is a turn key operation. Current owner has owned and operated this hotel, for over 45 years and is retiring. The property is near to Yosemite National Park, Columbia State Park, Railtown Historical State Park and many gold rush era towns. Details: APN 003-162-01 Lot size is 11564 sq. ft.Main building is 5365sq ft 1stfloor -2836 sq ft 2ndfloor –2529 sq ft Owner/manager’s home 1200sq ft Storage area below manager’s apartment is 1000 sq ft.There is 72 lineal footage along Main Street. The exterior of main building is kiln-dried redwood heart, over 1 ½ rigid insulation, which covers the exterior walls of approximately 10” of reinforced concrete. The windows are mostly dual-paned Anderson with 20 pane appearance. The roof of the main building is a metal roof, composed of copper/tin alloys. It will not rust and would be quite expensive to install today. The cooling systems are ducted evaporative cooling, composed of 3 units and is the latest such technology using a Master Cool system. Separate cooling systems exist for the kitchen area & owner's premises. A complete remodel of the kitchen and dish wash areas resulted in new epoxy flooring, plumbing and electrical work, carpentry and stainless steel installation.

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Detailed Information

Location:
Jamestown, CA
Real Estate:
Owned
Included in asking price
Building SF:
7,565
Employees:
20
Facilities:
Sale includes real estate, physical inventory, antiques, contents and type 47 and type 21 liquor licenses. The restaurant features 2 dining rooms that have a seating capacity of 75 and a patio with additional seating of 40- 50. The hotel features nine guest rooms, all with private bathrooms, operating as a bed & breakfast and boutique inn. The gold-rush era saloon has a seating capacity of approximately 20 – 22 in addition to the front desk registration area. See http://www.national-hotel.com/for-sale-1859-historic-hotel-jamestown-ca/
Competition:
Regular restaurant clientele come from Calaveras County, Stanislaus County and the San Joaquin Valley in addition to loyal locals. Lodging clientele come predominately from: San Francisco Bay Area, San Joaquin Valley, Monterey Bay, Southern California and of course....all of Europe.
Growth & Expansion:
The National has a great reputation as an acclaimed restaurant and hotel and could readily accommodate increased on-premises weddings, receptions, banquets, small seminars and meetings, movie film catering, meals for bus tours to/from Yosemite and advertising for a gold rush era destination.
Financing:
Financial details to qualified prospects
Support & Training:
Owner will supply support and training and there is a long time experienced staff in place including GM and Chef.
Reason for Selling:
Owner retiring after 45 years
Business Website:
http://national-hotel.com
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Business Listed By:
Stephen Willey

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