Successfully Operating Historic Abingdon Manor Inn & Restaurant

Latta, South Carolina www.targetauction.com/events/detail/bw71297
www.abingdonmanor.com/
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Property Type: Bed & Breakfast / Inn
Guest Rooms: 7
Baths: 10
Restaurant: Yes
Owners Quarters: Yes
Asking Price: $1,290,000
Occupancy Rate: 1%
Average Daily Rate: $1
Gross Revenue: $1
Gross Revenue Multiplier: 1

Property Overview

Historic Abingdon Manor Inn & Restaurant is a 20+ year AAA Four Diamond Award Winner and has seen consistent annual revenue increases. Documents and financials are available for review.

Property Description

Set amidst 3.13± acres of lush, manicured grounds, this celebrated 7 guest room boutique hotel offers uncrowded neatly appointed accommodations featuring high-end amenities, and pampered hospitality while the restaurant serves the most exquisite cuisine in the Carolinas. This 10,000 sq. ft. Greek Revival-style grand inn is the only full-service country inn within close proximity to Interstate 95 and is located in the heart of the charming, safe village of Latta (Florence), SC. JR Dixon Auction & Realty, LLC - SC RE #8450.

Business Description

This established boutique hotel has successfully operated for 25 years, Inn & Restaurant selling fully furnished, last asking price is less than the business valuation. Annual revenues have increased 17.2% in 2020 and 24.21% in 2021, convenient location just off of I-95 halfway between NYC and Palm Beach, luxurious accommodations feature 7 oversized guest rooms (4 newly renovated) with private baths and fireplaces, onsite fine dining, known as a safe and healthy place to stay with enhanced protocols and an ion air purification system (significant increase in revenue during the pandemic).

Reason for Selling

Relocating and downsizing.

Terms & Asking Price

10% buyer’s premium, cash sale with a 10% down payment, close in 30 days.

Broker