Old Powder House Inn

St. Augustine, Florida
www.oldpowderhouse.com/

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Property Type
Bed & Breakfast / Inn
Guest Rooms
9
Baths
10
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,899,000

Occupancy Rate
NA%
Average Daily Rate
NA
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

The Old Powder House Inn is a lovely Victorian home that was built in 1900 and currently serves as an intimate 9-guestroom Bed & Breakfast with a separate 3 bedroom/2 bath owners' cottage to live in or rent out for additional revenue. In keeping with the heritage of the home, with its polished pine floors and 10-foot ceilings, the guestrooms are decorated to embrace the aesthetic of Old Florida. The inn features coveted on-site parking and is conveniently located in the heart of the historic district. Just one block from Historic St. George Street and steps from museums, shopping, dining, the Bayfront, Castillo de San Marcos and the other unique attractions that make St. Augustine an ideal destination.


Property Description

Property is well cared for by the on-site owners who operate the Inn and live in the home (included) behind the Inn. There are nine (9) guest rooms each with a private bath.The kitchen has recently been renovated and it is a chef's dream as well as practical with the Inn's laundry adjacent for efficiency. A powder room was also added recently for the convenience of guests.


Business Description

The revenue has been consistent over the five years of ownership of the current owners. They do not use OTA's such as Expedia, etc. so there is potential for increasing revenues through adding that revenue stream as well as enhanced advertising and promotion. Financials are available with by submitting a short confidentiality agreement that we will provide.


Reason for Selling

Owners are retiring creating this wonderful opportunity.


Terms & Asking Price

New financing. Financials available with signed CA.