Jim Holland

Plainwell, MI (USA)
Role(s):
Founder/Owner/Principal

Ambrosia B & B LLC

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Location: Plainwell
Industry: Hospitality
Year Founded: 2009
Number Employees: 1-10 people
Description: We are in the process of purchasing a Bed and Breakfast. We require help in funding Property value $599,000 Bank owned foreclosure. Require $450,000 funding 2-5 year term loan Opening under the name Ambrosia B&B Offering for discerning adults, a secluded refuge from today's hectic world. Minutes from the shores of Lake Michigan. Ambrosia is the ideal escape. There are themed rooms, all with private baths, a few with outside access. While all are different, the one thing they have in common is a focus of pleasure and comfort. The beds are inviting, with luxurious linens. Each room has either a king or queen bed. All have fireplaces, some have comfy giant beanbag loungers, 3 suites have private patios, some have two king beds With it’s large indoor year-around pool, activities area, entertainment rooms, sun room, and five acres of woods for private strolling, this is an adult paradise. With plenty to do without even leaving the property. For your pleasure there is; work out equipment, pool table, ping pong table, indoor or outdoor hot tub, sauna, sun room, and much more…. Including a private breakfast served when YOU are ready for breakfast However, if you do wish to get out and explore. Near by is a resort town extraordinaire. The town is a Mecca for visitors. They come to enjoy the beauty of the beaches on Lake Michigan, the many art galleries and studios, shopping at the unique stores in town, a huge assortment and variety of restaurants, ranging from French cuisine to the corner drug store. There are also several golf courses (A signature course within 1/2 mile of Ambrosia), boating events, walking tours, antique market, wineries and orchards. Ambrosia is a level of luxury and tranquility that is nutrition for the soul, which surrounds and envelops you. Ambrosia is more than just a bed and breakfast. Ambrosia is an experience of pleasure, luxury, hedonism, and relaxation for adults only. At Ambrosia, we encourage you to let go of your inhibitions, dream, fantasize, explore and enjoy yourself among others with open minds… Come experience for yourself.... Ambrosia _____________ The current status of the property at 6068 is in foreclosure with no activity for 3 plus years. This property was a very successful business at one time, with the property valuation doubling in only 9 years. The property was then sold for a vast profit. The next owners were at first operating a profitable business. However, were unable to continue due to family health issues. The business was eventually shuttered and the property foreclosed. So the current value is of just the real estate property alone. With real estate values at record low levels, the timing to purchase will allow the property to increase in value as the real estate market in the long term cycles. The focus over the first two years will be to begin operations, re-establish a good client list, and focus on business stability. The location of the property is in a growing tourist area. All of these factors make for a solid investment and upon sale, an eventual good capital return. Again we are looking fro creative funding that will allow us to purchase. Thank you for reviewing Please contact me for further discussions and a full business plan including profit and loss schedule. Ambrosia Jim H