McKinney Bed and Breakfast

McKinney, Texas
www.mckinneybedandbreakfast.com
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Property Type
Bed & Breakfast / Inn
Guest Rooms
4
Baths
4
Restaurant
No
Owners Quarters
Yes
Asking Price
$675,000

Occupancy Rate
42%
Average Daily Rate
$200
Gross Revenue
$75,000
Gross Revenue Multiplier
2

Property Overview

McKinney, a suburb of N. Dallas, was named Best Place to Live in America (Money Mag. 2015). It offers one of the busiest historic downtown squares in the country, with over 120 stores and restaurants, all just a quick walk from McKinney Bed & Breakfast: Live music, wineries, festivals throughout the year, food and architectural walking tours, ghost walks, carriage rides, and a weekly Farmer's Market named Best in Texas. Less than 40 minutes from 2 international airports, there are 4 national sports teams all within 30-45 minutes of the B&B, and over 30 colleges and universities.


Property Description

See MLS #14059499 . Lush mature landscaping. Wrap-around porch, covered and open back decks, gazebo, and private separate cottage. Four gorgeous fresh guest rooms with ensuite bathrooms. Public areas include large living/dining room. Private (with ability to be opened up) 500 sq. ft. kitchen/den/laundry area and enclosed 2-car garage behind. 2 upstairs guestrooms (and a HUGE walk-in attic) and 2 downstairs guestrooms make for much needed privacy and easy accessibility to all ages.


Business Description

Opened in early 2012, McKinney Bed & Breakfast has a spotless online reputation: perfect reviews on Trip Advisor, Facebook, and Yelp. A very high repeat guest rate, with guests coming from all over the world. Rooms are generally booked out several months in advance, depending on the time of the year. This is not a seasonal B&B, and if wanted, owners could potentially work 365 days a year, as the Texas weather is seldom prohibitive for guests. Basically, due to it's location and reputation, new owners can start working full time immediately.


Reason for Selling

MLS #14059499 . Married owners retiring ASAP.


Terms & Asking Price

House, property, website, domain names, reputation, all included. Some furnishings negotiable.