Boutique Bed and Breakfast Inn


Location: Eastern North Carolina
ID: (# 200640)

Boutique Bed and Breakfast Inn

New Listing

To request additional information start by providing the following:
Asking Price: $2,120,000
Cash Flow: $ 201,000

Annual Sales:  $ 400,000
Assets (FF&E):  $ 125,000
Inventory:  $ 0
Real Estate:  $ 1,470,000

Overview

This Boutique Bed & Breakfast Inn is located in a historic brick building in the central downtown area of a thriving and fast-growing town in eastern North Carolina. The business comprises of twelve guest bedrooms, a breakfast room, a charming period sun room, a few decks and ample off-street parking, which makes this an unrivaled facility. A new management with experience in hospitality marketing and operations will easily achieve a multi-year, repeated two-digit profit growth by tapping into the multitude of unused marketing avenues and margin increasing opportunities.

In addition, a two-bedroom house is located at the back of the property with a right of way through the business' parking lot. This house is an ideal owner’s or manager’s quarter. It is separately sold and available with a right of first refusal to the buyer of the B&B business.

All real estate brokered by Hansen Matthews of Maus, Warwick, Matthews & Company.

Details

Reason for Selling:
Retirement

Year Established:
2006

Number of Employees:
4

Facilities:
Historic downtown building with 12 guest bedroom, breakfast room, a charming sunroom, several small verandas, and most importantly, ample off-street parking, (real estate brokered by Hansen Matthews/Maus, Warwick, Matthews & Company)

Inventory:
none

Furniture, Fixtures, Equipment:
All furnishing of the bedrooms and the public spaces of the premises, including artwork. Assets are well maintained and in good condition. The dollar amount listed is estimated fair market value.

Support and Training:
The current property manager is willing to remain with the company for a certain amount of time to assist in the transition and training of the new owners.

Competition and Market:
This is a vacation destination as well as a location that welcomes business travelers. The nearby university houses its academic teaching applicants at this B&B. There are some larger hotels in the area and a few competing B&Bs.

Growth and Expansion:
A multitude of unused marketing avenues and margin increasing opportunities.


Broker Contact Information

Regina Angela Fisher

regina@bristol.group


Bristol Group Carolina
serving North and South Carolina
Located in Wilmington, NC
(910) 520-0737 | Office
(910) 520-0737 | Mobile