Carolina Bed and Breakfast
SOLD

Asheville, North Carolina
www.carolinabb.com

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Property Type
Bed & Breakfast / Inn
Guest Rooms
6
Baths
7
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,700,000

Occupancy Rate
67%
Average Daily Rate
$191
Gross Revenue
$310,589
Gross Revenue Multiplier
5.47

Property Overview

Stunning Bed and Breakfast in Montford Historic District, half mile from downtown restaurants and shops. Permitted for 5 bedrooms/6 baths in main house in addition to a private 1 bedroom cottage with its own terrace. Asheville is a thriving town with high tourism rates.


Property Description

Carolina Bed and Breakfast's main house is over 6,500 sq.ft. A total of 9 bedrooms/9.5 baths in addition to the cottage. It is perfect for a family or to have extra room when friends/family visit. The Innkeepers' quarters are beautiful with spacious bedroom and bath as well as a library and great room with private terrace. The updated kitchen is enormous.


Business Description

The Inn has a 33 year history of Innkeeping with potential for higher occupancy and income. Given its current zoning, you could have an additional cottage onsite.


Reason for Selling

Innkeepers are retiring.


Terms & Asking Price

Cash or conventional financing.