Featured B&B - Pomaikai B&B November 15
This fully licensed and operating Bed and Breakfast destination grossed over $80,000 in 2005 and over $92000 in 2006. These figures do not include farm income which could be greatly enhanced with more aggressive farm management and a greater emphasis on coffee production. The facility is centered around an historic well-maintained farmhouse constructed circa 1937. Much of the charm and appeal emanates from this venerable building that was enhanced in the late 90’s with a spacious deck overlooking the farm and coast and two one bedroom, one bath suites added in a split level fashion. There is also an old barn that has been renovated for the more adventurous visitor and a 400sf studio. This turnkey operation comes with an extensive inventory. The business is a member of both the Hawaii Island B&B Association and the Professional Association of Innkeepers International. Occupancy is consistently high with many repeat visitors lured by the rural, old Hawaii flavor, eco/ag opportunities and the wealth of ocean recreational activities in the closely surrounding area.
The owner is offering generous 10 year financing to qualified buyers with a 50% downpayment. The lease extends out to 2035 and the lessor has recently announced a policy to continue leasing in the area until 2050.
The farm was developed in the traditional fashion with coffee and macadamia nuts providing the income backbone along with a vast array of fruits and flowers scattered throughout. The market for roasted coffee and other agricultural products is built into the business and at this juncture largely untapped.
Additional information can be found at www.luckyfarm.com
The property is presently under contract and contingent. Back -up offers are being taken. Call Mike today for additional information - 808-870-0116 cell or e mail MMartinagehawaii@msn.com