Historic Bed and Breakfast with Events Space

Price: $100,000

Location: Wake County, NC

Industry: Bed and Breakfast

Listing ID: 16960040-NI

Listing Status: Popular

Description

Escape to a world of hospitality and charm with this exceptional Bed and Breakfast nestled in the heart of Wake Forest, NC. A rare opportunity awaits for those seeking a turnkey business with a touch of elegance.

Key Features:

Quaint Accommodations: Welcoming guests with cozy rooms and modern amenities, this B&B provides a home away from home experience.

Scenic Surroundings: Enjoy the serene beauty of the surrounding landscape, creating a tranquil and inviting atmosphere for guests.

Versatile Event Space: The property boasts a versatile event space, perfect for weddings, corporate gatherings, and special occasions. A picturesque setting that adds a touch of magic to every event.

Proven Profitability: With a history of satisfied guests and positive reviews, this B&B has established itself to be a profitable business in the hospitality industry.

Prime Location: Conveniently located in Wake Forest, the B&B attracts visitors seeking a peaceful retreat while still being close to local attractions and amenities.

- 12 Bedrooms
- 10K Square Feet
- Main B&B space + Two Partitioned Wings
- Rolling Courtyard
- Endless Possibilities

The real estate is offered through Exit Business Advisors.

LISTING DETAILS

Down Payment: N/A

Total Sales: N/A

Cash Flow: $50,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

FFE Included: Yes

Inventory: N/A

Operation

Year Established: 2017

Year of last Acquisition: 2017

Non-Owner Payroll: N/A

Absentee Owner: No

Location

Real Estate: $1,800,000

Real Estate Included: No

Monthly Rent: N/A

Type of Location: Commercial Real Estate

Square Footage: 10000

Relocatable: No

Summary

Facilities Information:

Main space used as bed and breakfast. 2 additional units currently rented as apartments. 3rd level is used as owners quarters/guest space.

Reason For Sale:

Relocation

Competition:

Very little competition with this property.

Potential Growth:

Turn additional spaces into rooms to rent for the bed and breakfast. Or convert to office space which could be used by small businesses.

Financing/Terms:

Owner is willing to seller finance 66.66 percent. 9% interest rate with a term of 15 years maximum

LISTING OWNER