Cooperstown NY Boutique Inn

Cooperstown, NY (Otsego County)

Exterior of Cooperstown NY B&B

Asking Price:$4,900,000

Cash Flow:$437,197

Gross Revenue:$950,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:N/A

Cooperstown NY Boutique Inn

Get Financing Save Print Share Valuation Report

Business Description

Profitable Cooperstown NY Boutique Inn for sale

We are pleased to offer this exciting 18 room Bed and Breakfast (no dinner service!) . Located in Cooperstown, NY, in the heart of the so-called "Leather Stocking District". Almost everyone knows Cooperstown as home to the Baseball Hall of Fame, just a short walk from the Inn. Many also know Cooperstown as home to the world renowned Glimmerglass Opera Company. Among other attractions is the first class Fenimore Art Museum, an excellent Farmers' Museum and a Chamber Music Festival.

Sales at the Inn continue to grow year over year. Sales in 2013 were just over $860,000 with a 58% occupancy rate and $228 average daily rate. Sales in 2014 were $935,537 with a61% occupancy rate and $235 average daily rate. Sales in 2015 were $959,298.00 with a 61% occupancy rate and and $222 average daily rate.

In addition to the Inn, the price includes a separate 3,000 square foot home for owners that includes an exercise room, wine cellar, office and two car garage.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Facilities:
The Inn has 18 guest rooms with private baths, Guests can easily walk to down town Cooperstown to enjoy the shops, restaurants and baseball activities. However, the Inn is more than just a Bed & Breakfast offering guests a special place to stay. As the area offers brewery, winery, and bicycle tours; music, museums, lakes, scenic drives and many places to explore, the owners of the Inn have done very well packaging events and things to do for guests, making it a fun Inn to stay at!
Competition:
There are several hospitality properties in Cooperstown as well as in the area but this Bed & Breakfast's success comes from the quality, service, amenities, location and packaging. The Inn is a member of Select Registry - Distinguished Inns of North America.
Business Website:
http://www.innpartners.com/inn/cooperstown-new-york-bed-and-breakfast/

Listing Statistics for Premium Members

Ad#:1141910 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Inn Partners

Business Listed By:
Inn Partners

Inn Consulting Partners

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings