Hotel/Restaurant/Bar in the Poconos
Real Estate :: Commercial
Hotel/Restaurant/Bar in the PoconosBed & Breakfast Country Inn for sale
Final reduction of 20% from original asking price on this property- After nine years the owners are retiring to the sunny south. This 16 room hotel was built in 1901, the property dates back to the early 1800's and is the most historic building in the area. The property is located on two corners of a state highway with a very heavy traffic exposure. The present owners purchased it in 1999 and remodeled it over the following two years. It was recently renovated in 2005/2006 with an all new kitchen, equipment, new roof, updated electrical, central fire alarm system, mattresses in the rooms, paint inside and out, new carpeting, insulated vinyl replacement windows and a brand new heating system was installed in 2007. The main dining room seats 56, the bar seats 65 and there is an outside dining area that seats 32. There is a state of the art POS touchscreen ordering system with 5 computers to send orders to the kitchen or bar and tracks sales of all items as well as labor, discounts, comps, etc. The owner also has a state of the art CCTV security system with 16 cameras that can be monitored anywhere in the world via the internet. It is conveniently located close to three major ski areas, 7 miles from Pocono Nascar Raceway as well as many state parks, white water rafting, skirmish, mountain biking, shopping, fishing, hiking, hunting, beaches and quaint towns. When you enter the main entry the walls are adorned with pictures, letters, bills of sale etc which date back to the early 1900's. When the owners purchased the property there was not much population in the immediate area until 9/11 when thousands of people moved from New York city to this area, most commute daily to the city from a bus stop located 4 miles away. Sales for 2004 were in excess of $1,000,000, it appears that was the best year and the menu was fine dining at that time, sales for 2007 were $720,000 with a new Pub style menu and an additional $34,000 in room rents and vending machines. Real estate taxes are approximately $7,268. The bar has central AC and a split unit, 42" plazma TV, two 27" TV's, 8 state of the art chilled draft taps with an electronic self cleaning system and there is a walk-in beer cooler in the basement and a walk-in cooler in the kitchen. The dining room has central AC and two wall units, the guest rooms all have window units. The entire property inside and out with the exception of the adjoining property across the state highway is licensed to serve alcohol so any additions will automatically have alcohol licensing The property is being sold lock, stock and barrel, there are two additional outbuildings, an old barn and another building which is located directly across the road that includes a trout pond which is as old as the property and also has a small waterfall and stream. The business is presently in operation and will continue to do so until new owners are trained to take over the operation. There is a staff of 5 bartenders, 5 cooks, 6 waitresses, 2 dishwashers, 2 housekeepers and a general manager, the owner is the bar and kitchen manager, there is no Chef. One owner has already retired to Florida, the second owner would like to do the same asap and is presently working full time in the operation. This is the perfect opportunity for a devoted family enterprise and could be very profitable under that situation. The 16 rooms are rented more than ever due to all of the activities in the area, NASCAR, and the increased city population which brings in friends and relatives who are visiting. The owners had plans to add a banquet hall, larger kitchen and six additional rooms and invested $15,000 in plans and blueprints which were submitted to the township in 2004, unfortunately one of the owners lost his home to a devastating fire the same year and they never went through with the project. All the plans are included in the sale and there is a real need for a large banquet hall in this area since local residents only have local fire halls to use for such events as weddings, etc. There are 7 roadway signs or billboards included as well as a website with online room booking which can be visited at www.hoteljonas.com - member of the Better Business Bureau, Pocono Chamber of Commerce, Jim Thorpe/Penn/Kidder Chamber of Commerce and Pocono Mountains Visitor Bureau. Additional pictures can be seen on the website There is so much included in this property that it would take up too much space in this ad, please call the owner for all the information. This an excellent opportunity to pick up this beautiful money making property which will be gone quickly since the seller is very motivated, don't let it get away! Interested parties only please. Oh did I say the building is haunted? The owner can not confirm this he can only repeat what he has heard from many employees and customers. | ||||||||||||
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