The Woodward Max

Topeka, Kansas
thewoodward.com
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Property Type
Bed & Breakfast / Inn
Guest Rooms
4
Baths
4
Restaurant
Yes
Owners Quarters
Yes
Asking Price
$449,000

Occupancy Rate
60%
Average Daily Rate
$225
Gross Revenue
$80,000
Gross Revenue Multiplier
6

Property Overview

The Woodward Max is the second largest of The Woodward Inns on Fillmore. Queen Anne in style, The Max was added to The Woodward Inns in 2006 and renovated from top to bottom. With 3 king suites, 1 queen bedroom, and ancillary sleeping, popular for the upper-end B&B family lodging for up to 13 people or executive/luxury lodging/extended stay for business. The Max hosts a gourmet kitchen, wrap around front porch, large cedar back porch and two-car garage. Fully furnished/equipped and open since 2007. Awarded Best of Midwest Travel (Midwest Living Mag), Best of Kansas-Food & Wine, Best of Topeka.


Property Description

Owner and developer, Elizabeth Taylor, began The Woodward Inns on Fillmore in 1994 with the purchase of The Woodward, a local, historic gothic Tudor mansion and cornerstone of Historic Holliday Park. The mansion had been institutionally used for almost 30 years and needed much love. Taylor, an established local business woman, felt God's calling to save The Woodward. Now 25 years later, 7 Inns and 2 lodging multiplexes are in the same city block.


Business Description

The Woodward Inns on Fillmore, consists of The Woodward mansion, The Woodward Max, The Woodward Executive, plus 4 smaller more simple Inns as well as two multiplexes - all in the same city block and all used for a variety of B&B/extended stay business lodging. The Woodward Max can accommodate receptions for up to 85, dinners for 55, lodging for a max of 13 family-style. While the other Woodward Inns are also available for purchase, they are not in competition with each other as each hosts a different target market. However, they compliment each other as they provide additional beds.


Reason for Selling

After 25 years, Ms. Taylor is ready to start downsizing.


Terms & Asking Price

Cash sale or local banker financing available to qualified buyer.