Back Inn Time

Saint Albans City, Vermont
www.backinntimevt.com

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Property Type
Bed & Breakfast / Inn
Guest Rooms
5
Baths
5
Restaurant
Yes
Owners Quarters
Yes
Asking Price
$895,000

Occupancy Rate
75%
Average Daily Rate
$173
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

Price Reduced. This historic property has an elegant rustic vibe. Upgraded. Ideal location. Built in 1858, it marries the best of French & English Victorian architectural features. In addition to 5 guest rooms in the main house, there is a spacious owner's suite with Jacuzzi tub. A large 2-bedroom apartment provides additional income, or may serve as owner's quarters, thus adding a 6th suite to the B&B.


Property Description

Back Inn Time is a unique 7000 Sq. Ft. French Victorian mansion that has retained its splendor and elegance without pretentions or airs. The perennial gardens are an oasis, surrounded by mature trees and lovely fencing. It boasts 4 covered porches and large, 2-tier sun deck with garden access. There is a bar on premises; the Carriage Barn is ideal for events. Walk to shops, restaurants, Taylor Park, art galleries and more. Convenient to Lake Champlain and the mountains, Burlington & Montreal. The apartment may be rented Sept - June then utilized as a vacation rental in peak season.


Business Description

The current owners completely upgraded to Small Elegant Hotel. Occupancy & ADR are enviably above industry standards.Reviews are stellar, repeat guest count high, as are referrals. Impressive niche marketing; awarded "Small Elegant Hotel" distinction; Certificate of Excellence. This is a sought-after location for weddings and events. An established dinner club pleases a large community following and acts as a marketing opportunity for would-be events. Because of proximity to the medical center, renting the apartment is a breeze and yields higher than average rents.


Reason for Selling

After having owned several inns the owner is ready to retire to pursue other hospitality interests closer to children and grandchildren.


Terms & Asking Price

Qualified Buyers Only; Cash or New Loan