Description

Buy this Turn-Key B & B for the cost of the Real Estate and a portion of the assets! This long-standing community favorite Bed & Breakfast has been in the same location and under the same ownership since 1994. The current owner and her husband built the place in 1994 – both living and operating the facility while carrying on other duties over the years.
This business offers full service Bed & Breakfast amenities, currently operating ten (10) spacious bedrooms each with its own bathroom and TV set - though currently only serving breakfast due to the current owner’s declining health. Large central gathering spaces, along with huge balconies provide a friendly and home-like atmosphere.
In 2001 the current owner was forced to hire somebody to run the business until she was able to retire in 2008. Over the last 7 years she has run the business by herself, despite major surgeries. Though the business has not produced a positive cash flow, it remains a viable and operating business. This opportunity is a turn-key Bed & Breakfast business, complete with 22 years of name recognition & history, a beautifully built and maintained 4488 square foot house with a carport AND a two-car garage, living quarters, loyal customers & GROWTH POTENTIAL, for only the price of the appraised real estate and a portion of the assets.
The business & all of its assets comes with the purchase of the house and real estate at appraised value + a small portion of the asset & equipment value.

Financial Summary

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