Inn on Crescent Lake

Excelsior Springs, Missouri
www.crescentlake.com
Add to Favorites
Property Type
Bed & Breakfast / Inn
Guest Rooms
10
Baths
13
Restaurant
Yes
Owners Quarters
Yes
Asking Price
$1,800,000

Occupancy Rate
34%
Average Daily Rate
$184
Gross Revenue
$250,000
Gross Revenue Multiplier
7

Property Overview

Known as Missouri's Most Romantic Getaway, this historic B&B is located 30 minutes from downtown Kansas City. Attracting guests from a three-hour driving radius, the Inn on Crescent Lake is a regional destination that attracts 52% of its clientele from out of state. Guests have come from 47 states and nine different countries. A stellar list of reviews on Trip Advisor, Google Business and other outlets push the property to the top of audience awareness.


Property Description

The Inn on Crescent Lake is an established 10-room country inn located in historic Excelsior Springs, a resurgent area with three wineries and a blossoming microbrewery industry. The Inn has been updated to provide amenities sought by today's discerning traveler, including in-room Jacuzzi tubs in many rooms. Options to develop additional revenue streams abound on the 22 acres of property, which includes separate owner's quarters, a five-bedroom, 3.5-bath home.


Business Description

In addition to appealing to couples escaping the stress of daily living, the Inn is an ideal event venue. Professionally-equipped kitchen offers opportunity to expand business scope into catering or a restaurant. Strong weekend occupancy rate (average of 72% over the past seven years, including 79.4% in 2018), with over half of room nights and revenue from out of state. Previous owners operated the first floor as a restaurant. Unlimited development potential for the right owner. Serious inquiries only, must provide financial qualifications prior to showing.


Reason for Selling

After many successful years as innkeepers, the owners are moving on to new adventures.


Terms & Asking Price

Turnkey sale includes two weeks training, furniture, fixtures, equipment, and intellectual property.