Sleepy Hollow Inn & Event Center

Swannnanoa, North Carolina
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Property Type
Bed & Breakfast / Inn
Guest Rooms
Owners Quarters
Asking Price

Occupancy Rate
Average Daily Rate
Gross Revenue
Gross Revenue Multiplier

Property Overview

Located on 3.5 scenic acres, we are located just outside of Asheville, NC and 7 miles to the Biltmore Estate. Been in business for 20 plus years and family run by current owners.

Property Description

Sleepy Hollow was built in 1920 and current owners expanded the property by building a large addition to the original house. 6 years ago they also added a 40 by 60 foot event center, with two bathrooms, heat and air, so they could add events and weddings to the revenues. A large pond is also located next to the gazebo and bridge.

Business Description

Clayton and Danrae Babbitt resided at the Inn for many years and 10 years ago built a house near the property to provide renters with privacy. We specialized in events and renting the entire house to groups and filled all most every weekend. We can sleep up to 22 persons overnight with an additional 4 in the carriage house. Three of the rooms are two bedroom suites separated by doors. Currently using VRBO for income but can easily be converted back to an owner run B and B.

Reason for Selling

Owners have recently retired and want to see their vision live on.

Terms & Asking Price

1,300,000.00 conventional loan or possible owner holding of note.