New Inn in Thriving Coastal Community

Sneads Ferry, NC (Onslow County)

Seller Financing Available
Charming Inn in Quaint Fishing Village

Asking Price:$19,000,000

Cash Flow:$342,000

Gross Revenue:$489,000

EBITDA:N/A

FF&E:$545,000

Inventory:N/A

Real Estate:$522,122

Established:2012

New Inn in Thriving Coastal Community

Get Financing Save Print Share Valuation Report

Business Description

A newer, top-quality quality constructed 23 room two-story inn (bright and nautically furnished.) All on a prime piece of highway frontage real estate in the thriving coastal community of Sneads Ferry, NC. Also includes a 3-bdrm. manager’s or new owner-operator’s apartment behind office & is EASY TO MANAGE. ***Excellent investment or semi-retirement opportunity.

All the rooms are spacious, have full kitchenettes and are attractively decorated and furnished. Includes an outdoor pool and grilling area. ***Certificate of Excellence Award by TripAdviser due to the highest ranking scores and reviews of any hotels or motels in the area.***79.2% occupancy rate in 2015.

Good off-season business due to the close proximity to Camp Lejuene Marine Base, many fine restaurants, fine golf courses and retail shopping. Most importantly it is right by the coast on the north side of 26-mile long Topsail Island but having the safety from storms and higher maintenance by being on the waterfront mainland.

*With 20% down, bank financing could be arranged.

Price just dropped 250K on Dec. 13 '16!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
15,000
Employees:
1 FTE, 4 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Attractive, new 15,000 sq. ft. well-maintained 23 room Inn all with kitchenettes: Includes a 3 bdrm. mgr.’s apt. and front office; modern amenities throughout. The real estate location is on a corner of prime highway frontage and is right by many restaurants. Near the back gate at Camp Lejuene and is across the bridge from Topsail Island and its beautiful beaches. An outdoor pool and plenty of parking in a safe, family-friendly environment. Outdoor Swimming Pool Free High speed Wi-fi Flat Screen LCD TV with HBO and DVD Player Kitchenettes in all rooms Telephone (free local calls) Refrigerator Microwave In-room Coffee maker Hair Dryer Steam Iron Complimentary Snacks and Breakfast Pet Friendly
Competition:
Nicest newest Inn in the area. Very little competition in this quaint community by the beach. (A Hampton Inn 1/2 mile further from beach is under construction)
Financing:
Bank financing could be arranged with 20% down.
Support & Training:
At present, operating manager lives off site (not using 3 room owner/manager's apartment. He would like to continue working with new owner(s.) Two weeks thorough and direct training and ongoing consulting included in price.
Reason for Selling:
Owner has other development interests and has decided to divest this property.

Listing Statistics for Premium Members

Ad#:1259249 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 of Use before responding to any ad.

Contact the Seller

(from currently available funds)
 
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

BROKERAGE HOUSE

Business Listed By:
BROKERAGE HOUSE

BH Business Brokers Mergers and Acquisitions

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings