16 Room Inn, Prime 4-Season Resort

VT

16 Room Inn, Prime 4-Season Resort

Asking Price:$675,000

Cash Flow:$124,000

Gross Revenue:$300,000

EBITDA:N/A

FF&E:$100,000

Inventory:N/A

Real Estate:N/A

Established:1950

16 Room Inn, Prime 4-Season Resort

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Business Description

Premier VT Ski Resort

Skiing, water activities, golf and more are immediately available from this charming, updated facility. The inn is primarily operated as a charming B&B with growth potential for a full service inn. The region with lakes, streams, golf courses, well known villages, quaint shopping, and antiques, makes this a highly desirable year round resort. The location enables guests to access Okemo Mountain Resort, as well as 3 other nearby ski areas. The business has been priced at the appraised value of the real estate. Buyers seeking hospitability properties will find this to be a very attractive acquisition.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
1-2PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility includes 16 rooms all with private baths. The Main Inn hosts 9 charming rooms with hardwood furnishings, queen beds, fir hardwood floors. A second building features 7 luxury rooms with significant amenities. These are larger rooms with King sized beds, two-person whirlpool baths, a fireplace, antique furnishing, beamed ceilings, television and more. Common areas include a living room with fireplace, a private parlor, dining for 20 an enclosed porch with a nice sitting area. There is an efficient and compact commercial kitchen, an office, and an outdoor Jacuzzi Hot Tub. The inn is situated ½ mile from the access road of the ski resort. (Home Based)
Competition:
This is a prime resort region. There are numerous facilities for guests—some inns, hotels, condominium, and slope side homes. This property competes successfully –it is a lovely facility, provides warm hospitality and prices which are competitive, particularly compared to the slope side facilities at the resort.
Growth & Expansion:
The inn has been well operated in a manner which meets the owners’ personal lifestyle needs. Occupancy at only 22.7% is far less than industry standards, and the ADR could also increase. Inn promotion with former guests are not get utilized. Evening meals are served less than 30 evenings per year. Increased service will add profitable revenue in food and beverage income as well enhances room business.
Financing:
Cash preferred.
Support & Training:
The owners will train as appropriate.
Reason for Selling:
Retirement.
Home-Based:
This business is Home-Based

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Country Business Inc.

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Country Business Inc.

Country Business, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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