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Listing ID: 3104224

Boutique Bed and Breakfast Inn For Sale

215 S Front Street, Wilmington, New Hanover, North Carolina, United States

$ 1m to 5m

(Furniture / Fixtures included)
(Real Estate Included)

Revenue: $ 250k to 500k

Cash Flow: $ 100k to 250k

Business Description

The Front Street Inn Boutique Bed & Breakfast is located in a historic brick building in the central downtown area of Wilmington, 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.

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.

Includes 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.

Please contact us for more details.

Property Details

Size:

https://www.innshopper.com/ViewListing.aspx?ListingID=5909

Years Established:

2006

Property Type:

Real

FF&E:

$ 125,000

Real Estate Value:

$ 1,470,000

Other Details

Business Location:

Front Street, a block from the river.

Premise Details:

Bed and Breakfast

Competition:

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.

Expansion Potential:

A multitude of unused marketing avenues and margin increasing opportunities.

Operation Details

Support & Training:

Yes

Miscellaneous

Reason For Selling:

Retiring

Contact this seller

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