$1,850,000

Garden Gate Bed and Breakfast Inn offers elegant, but affordable vacation rental accommodations on West Maui. This is an ongoing, legal B & B that is fully licensed and insured. Although the current license is not transferable, the owners are willing to train and work with the buyers to secure a new license / permit prior to the transfer of the property. This is a real gem of a business that has been lovingly nurtured over the past ten years. Even in the down economy, this business has produced some outstanding income. Garden Gate B&B has a 10% net return on investment at the asking price, with verifiable numbers. Based on net income for 2005 though 2007 the yearly ROI on this property, at the current asking price would have been over $15%. The home is in top shape with a total of nine bedrooms and 9 bathrooms including owners office and living area. The property includes a two car garage and legal parking for 11 cars (9 on site and 2 off site). Huge views and expansive patios allow guests to watch the waves break on Kaanapali beach. What a wonderful way to enjoy Maui, live and work in paradise and make great $$$.

Plot Plan