Rhode Island Bed & Breakfast
- Listing Id: 2778
- Broker Name: Inn Consulting Partners
- Category: Hotels and Motels
- Asking Price: $969,000.00
- EBITDA: $49,023.00
- Real Estate: $699,000.00
- Cash Flow: $140,000.00
- Inventory: $2,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $220,000.00
- FF&E: $30,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Washington County
- State: RI
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Rhode Island is the smallest state in the union and that makes this Inn close to the variety of attractions the state has to offer. Newport is 15 minutes away and Narragansett Bay is close at hand. There are six golf courses in the area. The University of Rhode Island is a scant 20 minutes. Slightly beyond Rhode Island is Foxwoods Casino (30 minutes) as is Mystic Seaport in Connecticut. This Inn offers 11 guest rooms, equipped with fireplaces and spa tubs. The Inn serves continental breakfast only and is directly across the street from a restaurant that serves breakfast, lunch and dinner! In addition to guest room income, the Inn has four retail spaces adding about $60,000 per year in rental income.
Financial Summary
N/A
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