Grey Gables Inn

Sutter Creek, California
greygables.com
Add to Favorites
Property Type
Bed & Breakfast / Inn
Guest Rooms
10
Baths
10
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,450,000

Occupancy Rate
35%
Average Daily Rate
$190
Gross Revenue
$240,000
Gross Revenue Multiplier
6

Property Overview

Spectacular property in use currently as a Bed and Breakfast Inn. Beautifully manicured garden areas and several porches to relax on.There are eight luxuriously appointed rooms with fireplaces in the main house, all with tiled bathrooms. Additionally, there are two magnificent suites with spacious bedrooms, sitting areas, fireplaces and huge bathrooms in an adjoining building. The main floor also has a formal dining room, large parlor, office and kitchen. A separate apartment situated on the ground floor of the house comprises two bedrooms, bathroom, kitchen and living area for the inn keeper.


Property Description

The owners have continually operated the Inn since 1994. Eight guest rooms in the main house and adding an additional two luxurious suites in 2016 over the detached garages. (All rooms are en-suite and with gas fireplaces). The main house also has a formal dining room and large parlor for the guests, (used for afternoon tea and wine and cheese in the evening), an office and kitchen – all on the main floor. There is also a full laundry room in a separate part of the garage complex.


Business Description

This is a turnkey operation - all guest room furnishings are to remain as a separate transaction if required. Many annual repeat clientele. Close proximity to the Amador and Eldorado county wineries is a major advantage to tourists - there are now twelve winery tasting rooms within walking distance of the inn in downtown Sutter Creek.


Reason for Selling

The owners wish to retire to pursue more family activities, especially with their grandchildren.


Terms & Asking Price

Cash, conventional - owners will carry a small second with substantial down.