Businesses for Sale

10 Room Inn in the Calavaras County Gold Country

 

Real Property Related - Hotel

Contact Information

Flora Chong
CBB, REALTOR
Business Team

phone: (831) 372-5888
CONTACT US TODAY


Status Active  
Listing ID M1004
Listed Price $797,000
Down Payment $797,000
SDE $40,448
Total Sales $99,827
Training Offered 2 weeks

Asset Info

Included in price
Not included in price


Reason For Sale

health


Operations

Year Established 1988
Form of Ownership Sole Proprietorship
Absentee Owner N
Franchise N
Days & Hours Hotel hours
Years Owned 16
Business Age 24

Location

Central California
Type of Location Two Story Wood
Lease Expires
Security on Lease
Location CommentsHotel & Property located on edge of golf course in recreational area. Ten rooms + Manger apt

Executive Summary

Business Description

Charming Tudor-style building nestled among the giant oak trees in the heart of the Gold Country. It is adjacent to the 10th Green of the golf course. It's conveniently located just minutes from Lake Hogan, Lake Camanche, & Lake Pardee in Calavaras County, where a wide selection of recreation awaits the traveler- fishing, golf, boating, and snow skiing is nearby. 2009 Revenue for 9 months is $83,363. A 12 month projection would be $119,000. The monthly wages is for a cleaning company which contracts to clean the guest rooms. Features of the hotel: *10 guest rooms- all with Queen-size beds, private full baths, gas log fireplaces, refrigerators, TV, & views. 6 of the rooms can add a daybed 3 of the rooms have 2 Queen-size beds * Continental breakfast served * Golf packages available * Manager's apartment: spacious 3 BR/ 1.5 Bathrooms, fireplace, living room, own washer/dryer. * Potential to increase the guest rooms by 2 more by walling off 2 bedrooms in the manager's apartment and adding another bathroom. The large kitchen area would be ideal for making the inn a desirable "Bed and Breakfast" destination.