Inn (Nipomo) $1,699,000

GROSS OPERATING INCOME:  $175,000
NET PROFIT:  $125,000
DAYS / HOURS OPEN:  Open 7 Days
FULLTIME EMPLOYEES:  1
EQUIPMENT VALUE:  $20,000
PART TIME EMPLOYEES  4
INVENTORY VALUE:  $100,000
YEARS CURRENT OWNER:  20
HOURS OWNER WORKS:  10
PARKING TOTAL:  15
Owner May Carry
REASON FOR SELLING :Retiring
Historic Victorian style boutique hotel on one acre. Over the past 20 years, Seller has invested heavily into the property, realizing a vision that maximizes available square footage for room revenues while expanding the grounds into a beautiful wedding venue, generating significant revenues and profits in addition to the hotel itself. The hotel has a combination of 6 rooms and suites, each with its own bathroom. A shared common lobby / breakfast area allows guests to relax beyond their private hotel room. Guest also can enjoy an acre of beautiful gardens with gazebos, water features and fire pits. The freehold real estate is included in the purchase price, which is located in a quickly gentrifying downtown area in the path of tremendous progress. Located conveniently near wineries, beaches, and several downtown areas, the hotel attracts guests from San Francisco and Los Angeles alike, as well as national and international travelers visiting the Central California Coast. Multi-family zoning 20 units per acre. Seller has plans for 6 condos on ½ acre which will not impact the existing hotel operation. Perfect opportunity for a boutique hotelier expansion to the Central Coast, or a commercial builder seeking a development opportunity in addition to the existing profitable hotel operation. It is currently the only Hotel in Nipomo and one of the few grandfathered in for Events in the South County. The full prospectus will be provided on request for qualified potential buyers.

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