Services - Hotels & Other Lodging

Asking Price	$895,000	Inventory	$16,450**
Gross Income	$63,000	Real Estate
Cash Flow	$35,000	Year Established	1989
FF&E	$65,000*	Employees	2 ft 1 pt

* included in the asking price

** not included in the asking price

This well established, charming and successful Bed and Breakfast is located in the heart of Williamsburg. Ideal location, only minutes from the Historic District, Merchant Square, and the College of William and Mary. The business offers 3 spacious guest rooms, each with its' own private bath. The Innkeepers enjoy private, newly decorated living quarters on the first floor with masonry fireplaces in the living room and family room. Delicous homemade breakfasts each morning of specialty French Toast, Pancakes, Eggs and Omelette Specialties made to order.

Facilities: The building (house) was built in 1946, and has 2,395 SF of living space in a beautiful 1/3 Acre plot near Historic Williamsburg. It operated as a Bed and Breakfast from 1989-2001, then closed as a business. It was purchased by current owners in late 2004, and after extensive remodeling/refurbishing, reopened as a Bed and Breakfast in 2005, and has run continuously since. Included in the remodeling was extensive updating of the interior, upgrading of the structure, and replacement of virtually all appliances and equipment.

Competition: There are a number of other Bed and Breakfasts in the Williamburg area. Most, including t5his one, in particular, are surviving/thriving in these difficult economic times. They appear positioned well to continue to grow and prosper as the econmy shifts back and readjustes positively. They appear, certainly, to be one of the stronger performing B&Bs currently in Williamsburg.

Growth/Expansion: There is sufficient property and room to grow in terms of additional bedrooms and space, prinipally from the back side of the property. Consideration should be given to adding 1,2, or 3 additional Bedrooms with Baths.

Financing: Some financing available for well qualified buyerThe building (house) was built

Support/Training: The current owners, a Husband and Wife Team, will provide all training, support, and transition necessary for a smooth and orderly changeover- up to 4 weeks full time- more if necessary.

Reason Selling: The husband's primary occupation has changed, requiring a move out of state.