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Listing ID: 211642

Beautiful Fingelakes Bed and Breakfast in Watkins Glen, NY For Sale

Watkins Glen, Schuyler, New York, United States

$ 1,499,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: $ 100k to 250k

Cash Flow: $ 100k to 250k

Business Description

Idlwilde Inn has been successfully operated as a bed and breakfast for the past 15 years. The inn and carriage house sit on 2+ acres of beautifully landscaped property overlooking Seneca Lake. This family business is being offered for $1,850,000. The main mansion has 13 guest rooms, 9 with private baths. There is a handicap accessible room on the first floor. The Carriage House has 2 guest rooms each with a private bath. The common areas enjoyed by the guests are the living room, library, porch and gazebo. The elegant dining room accommodates 30 guests. The craftsmanship and furnishings of the inn are exquisite. There is a full usable basement with laundry facilities and innkeepers quarters.

Idlwilde is located in the heart of the New York Fingerlakes region and wine trail. The scenery of the countryside and Seneca Lake are breath taking. The inn is 10 minutes from Watkins Glen International Raceway that attracts spectators and race car drivers from all over the world. The short walk to village centre offers unique shops and many fine restaurants. The gorge at the Watkins Glen State Park attracts thousands of tourists annually. Idlwilde is thirty minutes from Corning and the Corning Glass museum; thirty minutes from Ithaca and Cornell University and two hours from Rochester and Syracuse.

The seasonal calendar offers many festivals and events in the area. The bed and breakfast's season is from mid April to the end of October, but can easily be expanded at the choice of the new innkeepers.

Recent renovations include side door and balcony, painting of dining room and ceiling, roof repairs, new furnace and new hot water heater.

The business is offered as turnkey. Training will be provided. Please call to make arrangements to see the inn. You don't want to miss this opportunity to own a premier inn in the popular destination of the Fingerlakes Wine Country.

Property Details

Size:

12000 Sq. Feet.

Years Established:

15

Property Type:

Real

Real Estate Value:

$ 1,850,000

Other Details

Business Location:

Residential area within walking distance of the Village of Watkins Glen.

Premise Details:

Estate is 2.5 acres: Victorian mansion with 15 guest rooms, The Carriage House with 2 guest rooms and storage on the ground level. Wrap around porch, gazebo, sunken garden and beautiful landscaped grounds.

Competition:

Nestled in the Fingerlakes region, there are many bed and breakfasts, however, none compare to the size and beauty of Idlwilde Inn.

Living Accommodation?

Yes
Innkeepers quarters consist of furnished bedroom (queen bed) and private bath.

Operation Details

Employees:

4

Trading Hours:

Seasonal April through October by owners preference. Tourism continues year round in the Fingerlakes region.

Support & Training:

Training will be provided for complete turnover.

Miscellaneous

Financing Available:

Yes
Will require a substantial down payment. Terms negotiable.

Reason For Selling:

Retirement

Contact this seller

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