Potential B&B And Vacation Rentals
www.GlobalBX.com
Listing ID:
700268841
Listing Title:
Potential B&B And Vacation Rentals
Quick Link:
http://www.globalbx.com/listing.asp?bId=268841
Industry:
Hotels and Holiday Accommodation
Industry Segment:
Other Hotels and Holiday Accommodation
Country:
United States
State / Province:
California
Area
Southern California - All Southern California
City:
Santa Barbara
Asking Price Range:
$1.0M - $2.5M
Gross Revenues:
$250,000
Cash Flow:
$200,000
Cash Flow Type:
EBITDA
Year Established:
1998
Number of Employees:
1 - 3
Business Description:
Calling entrepreneurs / business developers and / or someone who has imagination and would like to own and operate a profitable B&B and Vacation Rental business!
Offering a rare downtown property in the American Riviera, beautiful Santa Barbara California, a vacation destination. This property boasts a Queen Anne / Craftsman home (transition piece) of historic significance, built ~1898. Behind the home is buildable land sufficient to build a duplex with 2 townhouses (1000 s.f. each) over garages. Professionally drawn plans and working drawings are available. The plans had been approved by ABR for this site; but building did not go forward at that time.
Main home could be a B&B with 7 bedrooms and 6 bathrooms. It is currently income producing at ~$6500 / month as a rooming house. Conversion to a B&B would be simple. The townhouses could be rented on yearly lease, month-to-month, by the month, or as vacation rentals. Income potential when built out could be $200K-250K/Yr.
These projections are based on owners' business across the street from this property. The business model is valid.
For more information contact owners at 805-452-1040 for Karen; or, 805-896-3848 for Cliff
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