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Financial Information

Asking Price: $785,000.00
Terms: Cash
Occupancy Rate: 48%
Revenue/Year: 168,300
Average Daily Rate: 85.00
Links

Realtor's Website Link
Property Information

Number of Guest Rooms:This property has flexibility to add additional guest rooms if desired.
Number of Guest Room Baths: 6
Property Status:
Currently is a B&B
Owners' Quarters: Yes The Owner’s quarters is a separate cottage from the main house with a bedroom, two closets and full bath.
Year Built: 1839
Year of last renovation: 2007 Temperature controls in each guest room
Years run as B&B: 12
Square Footage: 4,800
Acreage: 0.75 The rear courtyard is 40’x100” with elaborate brick fencing around the entire rear yard which is perfect for weddings, special events or guest gatherings for up to 125 guests.
Restaurant: Yes Only by reservations.
Natl. Register of Historic Places: Yes Also located in the Historic District
Point at the Point at question marks above for more details. marks above for more details.
Contact Information

Michael Horton
InnSpired Management, Inc.
304 Alta Circle
Hendersonville
Email - mike@innspiredinns.com
or michaelelmer@mchsi.com
(828) 329-5543 - Phone #
(828) 329-5543 - Office #
(828) 329-5543 - Home #
(828) 329-5543 - Cell #
(828) 693-3793 - Fax #

BBOnline.com is not a broker or agent for this property. All of the information displayed has been provided by the owner/innkeeper/realtor.
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1839 Historic Inn With Excellent Corporate Business and Special Events Dining - Historic Eastern N.C.

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1839 Historic Inn With Excellent Corporate Business and Special Events Dining
Historic Eastern N.C.

This Inn was voted best lodging in the county in 2008, and received the Entrepreneurial Success Award by the local Chamber of Commerce for 2007/2008.
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About the Inn

 

Located in an historic district, this 1839 inn is on the National Register of Historic Places, three blocks from the heart of downtown.  We are zoned for use as a bed and B & B plus dining by reservation.  There are five guest rooms, each with private bathrooms & individual climate control.  The house sits on a .75 acre parcel.  There’s off street parking for 22 cars.  There are three common main level rooms allowing sit down dining for (up to) 65 guests.  The rear yard is 40’x100’, perfect for weddings and events for sit down functions of 125 guests.  The Owner’s quarter’s is a separate cottage from the main house.  The entire property has been restored, is well maintained and it shows.  There is not much to do to the property other than for personal taste to make it YOURS.

 

Our business has a nice balance of revenue from two sources, lodging and dining.

 

Our local economy is sustained by two industries, manufacturing and agriculture.  These industries provide us with a consistent year round flow of lodging business travelers who fill the inn during weekdays. Our 2009 occupancy average is 48 %.   We anticipate that percentage to continue to increase, as our business continues to grow (due to new local industry and a new tourism authority. 

 

 

The dining we offer is primarily for special events.  We host events including, but not limited to bridal lunches, weddings, birthdays and anniversaries.  Our special event revenue is strong; our best month ever was in June 2009.   We anticipate dining revenue to continue growing, as the request for our services always exceeds what we now handle. 

    

We have a full bar on premises and are licensed to sell beer, wine, and mixed drinks to our dining patrons and overnight guests.

 

 

For further information, contact Mike Horton, Innspired Inns at

1.828.329.5543

 

Listed for $785,000


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