This successful and growing B&B is a one-of-a-kind opportunity. Situated in beautiful NE Tennessee and nestled among the Cumberland Gap National Historical Park, The Olde Mill is an ideally located, well-improved, and profitable turn-key operation. This historic home and cabin did more than survive 2020 – it thrived. Year 2020 occupancy was up 22%. The Inn’s location at the corner of TN, KY, and VA, proximity to National and State parks nearby, and engagement with Lincoln Memorial University all make this property ideally positioned for continued business growth and success.
The Olde Mill Inn consists of an 1890s main house and rustic 1700s cabin (reconstructed on site as an addition). The Inn has 8 well-appointed guest rooms, each with a private en-suite bathroom and sleeps 22-25. An attached 550 sq. ft. studio apartment serves as either owner’s quarters or a rental unit. The common living and dining room area boasts an 18-person hand-made plank table plus additional seating options. Major improvements made in the last 4 years include studio redesign and remodel, new roof, new appliances, new heat pump, new 8th room, remodeled laundry area, and 1 remodeled guest room.
The Olde Mill Inn B&B is a profitable turnkey operation. The purchase of this fully-furnished 8-room Inn, studio apartment, and all related business items and connections also comes with dedicated staff, a proven track record of operational excellence, and exceptional guest reviews. The Inn currently serves breakfast daily to its guests and routinely hosts private lunches and dinners. Expansion to include full restaurant service and on-site events is an immediate possibility. Also included in the sale is a commitment to long-term mentoring and support from the current owners.
To dedicate more time to preserving, protecting, and promoting the town of Cumberland Gap, TN.
Full payment required. No owner-financing available. Detailed financial info available with NDA.