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21375 CONSOLATION ST Volcano CA 95689-5000

[Locked] • APN 029034005000

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Details
Property Type Hospitality
Sub Type Hotel
Building SqFt 4,350
Lot SqFt 9,039
Acreage ******
Number of Units 5
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C1
Year Built 1939
Building Count 1
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******

Property History

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Property Type
Property Type
Hospitality
Property Subtype
Hotel
Marketing Description
Property Description


Sperry Commercial Global Affiliates and Restaurant Realty Company, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Volcano Union Pub & Inn in Volcano, CA in the heart of the Sierra foothills. Volcano is known as the Gem of the Motherlode. The indoor bar and restaurant seats 60 plus 40 in a private dining room/or extra seating for the restaurant and a further 45 on the private garden outdoor patio. The owners are semi-absentee while their manager, chef and great crew of long-term employees run the day-to-day business. Only open Thursday through Monday with significant upside to have a hands-on owner to open seven days a week to increase revenues and cash flow in place. Opportunities to expand the business operations include extended operational hours to open weeklong, and through catering to private on-site parties, wedding events, and off-site catering to the numerous wineries and events held throughout the area. The four elegant upstairs rooms are a credit to the current owners in their uncluttered, luxury accommodation with a front balcony for relaxation and for soaking up the rural views while sipping on local wine or beer and enjoying a meal prepared by the chef. The rooms also generate an extremely high profit with average daily rates of $139 in 2019 and $148 in 2020 YTD. The garden patio, off the main restaurant is mature and colorful in its flora, lending itself well for wedding receptions and private parties. Catering is another avenue to increase revenue, as the many local wineries are in need of catering services for the many weddings & events.


Area Description


Sitting right on the main road of Volcano, Consolation St., the Property enjoys all through-town traffic and a central location, walking distance from anywhere in town.

The town of Volcano is a historic mining town dating back to the 1850's situated in the beautiful rolling gold country foothills of Amador County. Volcano is an easy drive along Highway-16 from Sacramento (60 miles) and conveniently located within one hour of Folsom and Eldorado Hills, via Highway 49 from Placerville and Jackson and Highway-88 from the Lodi and Stockton area.

Investment Highlights
  • Online Auction - Business & Real Estate, Oct 26-28th, 2020
  • Cash-flowing: Boutique Bar & Restaurant with four spacious hotel rooms with a positive cash flow
  • Absentee Ownership Resulting in Exceptional Value-Add Opportunity: The Volcano Union Inn & Pub is a Value-Add opportunity with Operational Upside for Prospective Hands-On Owner-Operator Investor as the business is only open five days a week currently
  • Unencumbered & Fee Simple: The hotel is offered fee simple, unencumbered by a management contract and debt.
  • Being sold well below replacement costs
  • Ideal investment opportunity for an Owner Operator
  • Please do not disturb guests or employees. Property tours will be held by appointment only. Please contact the listing broker.
Property Type
Property Type
Hospitality
Property Subtype
Hotel
Marketing Description

The background – Originally built in 1880 as a saloon and boarding house, The Volcano Union Pub + Inn is currently operational as a casual pub offering amazing food options along-with a beer & wine bar. It also has four tastefully furnished bedrooms with attached bathrooms that provides guests with a bed & breakfast lodging option. The business has now established itself a favorite dining spot for both the local population and out of town diners. The four lodging rooms provides additional revenue for both tourists visiting the area and for guests visiting friends and family. The business has good revenue from both food & beverage and lodging, and it is a profitable business venture.

The location – The town of Volcano is a historic mining town dating back to the California gold rush days, situated in the beautiful rolling gold country foothills of Amador County. Amador County is gaining a lot of attraction as a desirable place to visit year-round. It has a lot of rich gold mining history and offers a lot of options for outdoor activities for both summer and winter.

The infrastructure – The two-story building, though originally built in 1880, it has been painstakingly restored and renovated twice in 2000 and 2010. There is ample indoor seating available in the restaurant space, bar, private dining room and an outdoor garden patio area. The total seating capacity is around 150. There are four bedrooms in total, the king bedrooms measure 340 SF, and the queen bedrooms measure 280 SF. The fully equipped kitchen can handle the restaurant demand and is capable to meet the needs for both on-site and off-site catering events.

The opportunity – The current owners are highly experienced hospitality professionals and have set-up a turnkey business operation in place. The day-to-day operations are managed by a team of full-time and part-time staff. Current business hours are from 4:30 pm till 8:00 pm on Friday’s and Monday’s and from 12 noon till 8:00 pm on Saturday’s and Sunday’s. Hence there is much opportunity for more growth by operating the business for seven days and by taking an active role in the day-to-day management of the business. The catering business, both on-site and off-site can be developed into a healthy revenue stream.

For prospective buyers – All property tours are to be scheduled with the listing broker and financial statements will be shared upon the execution of a confidentiality agreement.

Investment Highlights

Turnkey restaurant with beer & wine and lodging quarters

Good revenues and profitable venture

Located in historic town in upcoming Amador County

Loved by the patrons and has excellent reputation

Room for growth by increasing days of business and hours

Qualified for small business loan

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Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
MH
Mark Hinkins
•••.•••.6027
••••.•••kins@•••••••••.com
Brokerage logo
Sold on
 BY:
RL
Rick Lahkar
•••.•••.8886
••••••hkar@•••••.com
Brokerage logo

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