Profitable Historic Bed and Breakfast in Beautiful Auburn, California

Auburn, CA (Placer County)

Seller Financing Available
Front view of Power's Mansion
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Asking Price: $2,999,000

Cash Flow: $98,904

Gross Revenue: $243,000

EBITDA: N/A

FF&E: $275,000

Inventory: N/A

Real Estate: $2,250,000

Established: 2005

Profitable Historic Bed and Breakfast in Beautiful Auburn, California

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Business Description

Get out of the hustle and bustle of city life!

The Power’s Mansion Inn Wedding and Event Center presents investors with the rare opportunity to purchase real estate which includes a 5800 square foot, 16-bedroom Victorian mansion, historic furnishings and artifacts, and an established and profitable business including the Inn and wedding and event center. Attributes of the opportunity include:

• A beautifully restored historical building (built in 1885) with deep roots to the California Gold Rush.
• 16 themed bedrooms furnished with artifacts from the gold rush era.
• A growing bed and breakfast business with tremendous upside for weddings and special events.
• Awards and recognitions from local publications and internet travel websites.
• Strong internet presence with very high ratings from guests.
• Located on top of the hill overlooking the historic downtown area of Auburn, California, considered one of the best places to live in Northern California.
• The business generated $100K in earnings last year.
• Recent appraisal of property (June of 2018).
• Historic furnishings collection of significant value available for purchase with property and business.
• Seller willing to carry a seller carry note for approximately 40% of list price at competitive interest rate.

This is the perfect opportunity for a person or couple who have dreamed of owning a bed and breakfast/Inn their entire life. Innkeeping attracts educated, sophisticated and prosperous folks, many of whom are seeking a bridge from career to retirement. Innkeepers should enjoy hosting in their home. Homebodies make good innkeepers. The world visits you rather than you traveling around the world. It requires common sense, planning, sense of hospitality, and some internet skills.

List price for the business is $2.999M. Assets include the real estate, furnishings and artifacts, the bed and breakfast business, covenant not to compete, and business goodwill. The seller is retiring.

To obtain a Confidential Information Memorandum or for further information please contact Ron Schwab at ronschwab1@gmail.com or call 925.324.2161 .

Detailed Information

Location:
Auburn, CA
Real Estate:
Owned
Included in asking price
Building SF:
5,800
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Includes a 16-bedroom Victorian mansion built in 1885, all of the furnishings and artifacts from the Gold Rush era, and a growing and profitable bed and breakfast business..
Competition:
Limited competition in a highly desired tourist destination. Consistently receives community and online travel agency rewards.
Growth & Expansion:
Additional capacity as is, but tremendous upside in the weddings and events business..
Financing:
Terms are negotiable
Support & Training:
The seller will provide 2 weeks of training up front free of charge.
Reason for Selling:
Seller is retiring from the business.
Business Website:
http://www.powersmansioninn.com
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Contact the Seller

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Ron Schwab

Business Listed By:
Ron Schwab

Nor Cal Business Sales

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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