A Bed of Roses Bed and Breakfast SOLD
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- Property Type
- Bed & Breakfast / Inn
- Guest Rooms
- 5
- Baths
- 5
- Restaurant
- No
- Owners Quarters
- Yes
- Asking Price
- $998,000
- Occupancy Rate
- 65%
- Average Daily Rate
- $165
- Gross Revenue
- $220,000
- Gross Revenue Multiplier
- NA
Property Overview
Note Price Adjustment A Bed of Roses, Queen Anne Victorian, is a 5 guest room/5 bathroom Inn located in the Montford Historic District. The Inn is a 5 block walk to vibrant downtown restaurants and shops. Built in 1897 and meticulously restored with luxurious and modern conveniences. An updated kitchen with commercial grade appliances. This Inn has great reviews from their guests. The Innkeepers' quarters is a cottage in the rear of the Inn. It is a private space with deck and yard. This is the perfect property for a couple or a single person to own and operate.
Property Description
This Inn is a beautiful property reflective of the era in which it was built. Four private guest rooms and one large suite with sitting area and fireplace, also a private balcony overlooking the front yard. The Inn is fully furnished with exquisite antiques and tastefully decorated and has central air for guests' comfort. Front porch overlooks rose and perennial gardens. Off-street parking. New responsive website included in the sale and designed to be easy to update by new owners.
Business Description
This Inn has consistent year over year occupancy with potential for increased revenue.
Reason for Selling
The owners are retiring so they can travel more.
Terms & Asking Price
Cash or conventional financing.
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