Shiloah Manor

Carthage, Missouri
www.shiloahmanor.com

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Property Type
Bed & Breakfast / Inn
Guest Rooms
5
Baths
7
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,399,000

Occupancy Rate
40%
Average Daily Rate
$125
Gross Revenue
$22,223
Gross Revenue Multiplier
63

Property Overview

One of a kind estate on 13 manicured acres. 8 guestrooms, 7 baths. Additional income producing potential with 5,500 sq. ft. event center built in 2014 with future secured reservations. Main home also includes 800 sq. ft., 1 bedroom, 1 bath garage apartment. In-ground salt water pool, hot tub, golf cart, inventory stays with acceptable offer.


Property Description

8 guestrooms, 7 baths. 5 rooms used for B&B (1 honeymoon suite). Separate garage apartment consists of 1 bedroom, 1 bath. Full, finished walkout lower level with "in law suite", 2nd furnished kitchen. Laundry facilities on all 3 levels. Event center-brick/vinyl exterior, bride room with separate bathroom and vanity, catering kitchen, separate restroom facilities, fireplace with mantel, separate well and septic system. outside pergola can seat up to 200. Inventory stays with acceptable offer. Digital sign at entry will convey.


Business Description

Limitless income potential with an established marketing plan that features the property's full potential. Conveniently located 1/4 miles from I-44 and I-49 on 13 acres. 5 guestrooms currently used for B&B, separate quarters for owner/manager on lower level. Additional rental income potential with 1 bedroom, 1 bath efficiency apartment. 5,500 sq. ft. event center perfect for weddings, birthdays, craft shows, company events and retreats throughout the year.


Reason for Selling

Owner ready to retire. Current owner is responsible for all tasks associated with the business: event set up, laundry, grounds maintenance, marketing, accounting, scheduling, cleaning, property maintenance, etc.


Terms & Asking Price

Cash at close. No owner financing available. Both properties (event center and bed & breakfast) to be sold together.