Inn and Cabin Rental Business

Chimney Rock, NC (Rutherford County)

Seller Financing Available
Inn and Cabin Rental Business

Asking Price:$895,000

Cash Flow:N/A

Gross Revenue:N/A




Real Estate:N/A


Inn and Cabin Rental Business

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Business Description

A strong lodging property with verifiable numbers.
Owner financing with large down payment
All property, buildings, inventory and furnishings included
Transition training available
Easy for a couple or partner team to run.

Detailed Information

Included in asking price
Real Estate:
Building Sq. Ft.:
Successful combination Inn, cottage rental business. Offering consists of 8 rental rooms and 5 other cottages making up 7 additional rentals located throughout one property. Total 15 rental units. Cottages and Inn are well decorated cottage style and in, good condition. Walking the property you quickly get a feel of yesteryear and warmth. There is a built in swimming pool, ample decks and private spaces, just steps from the entrance to Chimney Rock State Park. Location is Excellent Offered: Real Property Buildings and improvements Furnishings Fixtures Supplies, linens, cleaning, etc. Equipment Decorations Marketing Materials URL/Website Telephone Number Name Customer lists Are included in the purchase price as is where is and will be transferred to the future buyer at closing
This is a unique business offering with one of the best tourist locations in the area. The property is walking distance to Lake Lure and Chimney Rock. The business has been here for many years. There are other lodging properties in the area but tourism is plentiful in season.
Growth & Expansion:
The long success of this business can be a blessing in disguise. The current owner has chosen to run the Inn in a way that has worked for many years while tourist habits have continually changed. Not long ago tourist used phones, mail and checks to reserve their vacation lodging. Today it’s not unusual to fill up a lodging property with travelers in just a week or so prior to a particular date. The travelers have become efficient in researching and booking travel destinations. So the way a business reaches its customer has to be streamlined and efficient also. More than ever the business website, on-line booking engine and reviews play a major role in business expansion, for now the Chimney Rock Inn has bucked this trend and stayed true to its roots. Reservations are still taken over the phone or by mail. The owner believes customer interaction with the staff is necessary and intentional. Many of the cottage guests often call for a room but later stay in a cottage. Business Expansion: Reposition the Inn using the technology of today. a. Create a new website b. Add on-line booking potential c. Promote on-line reviews d. Be seen The area around Chimney Rock hosts many destination events including weddings, reunions, business meeting, family outings, etc. If you promote package weekends and weeks traveler will come. The new owner should plan on specific on-line marketing that promotes the Inn as a group rental destination. Most of the promoting can all be done using strong messages on a well designed website with organic non paid search. Improve as You Go: Buyers of lodging properties bring fresh ideas. These ideas along with new energy, when properly integrated into a successful business become a measurable means to increase rental rates and occupancy. The Inn is at a perfect time to be the recipient of a new owner and what they will bring to the business purchase. The business is sound. There is a long history of success. With an addition of technology and marketing the Inn should see another good growth spurt in the years to come.
50% down to Very Qualified Buyer
Support & Training:
Seller lives off site and local. He has agreed to train the future owner prior to and for two weeks after the sales
Reason for Selling:
This is the Sellers 20th year. He wishes to retire

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Douglas Kelly

Business Listed By:
Douglas Kelly

DK Professionals Realty Lake Lure Inc.

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