46 Rooms + Bar with license at $57.6K per room
Explore the Emerald Inn & Lounge, situated in the charming city of Blythe, CA, a prime opportunity for those passionate about the hospitality industry. The establishment features 46 large size guest rooms, A bar that can be effortlessly reopened with minimal effort, ample parking across over 2 acres of property, and delightful outdoor scenery. Its strategic location near the Colorado River promises a continuous influx of guests year-round.
Significant capital improvements exceeding $250,000 have been made in the last two years, upgrading plumbing, electrical systems, adding palm trees, installing CCTV, among other enhancements. Notably, the inclusion of a bar, which can be reopened with little effort, is expected to significantly boost gross revenue for the new owner, offering an added value proposition.
With the current owner eyeing retirement, this is an ideal moment for fresh management to step in and elevate this flourishing venture to new heights. Furthermore, the prospect of seller financing is available for qualified buyers willing to make a 40% down payment, making this an even more attractive investment. This is an investment opportunity not to be missed, offering a robust, year-round business with co-op options available.