Victorian Style Bed & Breakfast-28099

Lee County, AL

Victorian Style Bed & Breakfast-28099

Asking Price:$99,900

Cash Flow:$64,663

Gross Revenue:$159,877





*not included in asking price.

Victorian Style Bed & Breakfast-28099

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Business Description

Victorian Style Bed & Breakfast-28099

AN ABSOLUTE BEAUTIFUL VICTORIAN STYLE BED AND BREAKFAST - FOR SALE NOW !!! - located in one of the best cities in Alabama. It is located just blocks from a major university. The closest Bed and Breakfast is located in the adjacent city. This Bed and Breakfast has been totally updated and remolded to keep the Historic Victorian status. This Bed and Breakfast is rated #1 from a national rating agency to visit due to exquisite Victorian architecture, cleanliness, homemade, southern style breakfast, hospitality, and close proximity to downtown where all the sites to see and action is happening. Even while renovating this #1 Bed and Breakfast business, they kept a 46% average occupancy rate with an average daily rate of $129.00 per day. This rate is well below the market, and the new buyer could easily increase revenue without jeopardizing its loyal and new patrons. The property must sell with the business which will be handled directly with the seller. The price of the property is $998,000.00 which is A STEAL FOR THIS LOCATION, style, size, and the approximate 1 acre downtown of a major city. Buyers that are looking to get out of the big city and have dreamed of owning a bed and breakfast must see this business. The owners just replaced all gas lines in home, had all gas lines for cottages inspected and repaired, total remodel of Garden Room, 2 new kitchen refrigerators, re-decked upstairs bedroom, TV room and bathrooms, new carpet in bedrooms and TV Room Upstairs, hardwood in upstairs landing and hall, new ice maker in garden room, cleaned out, leveled and installed new moisture barrier in crawlspace under main house, hardwired new internet access points throughout property, installed 10 security cameras and 2 monitors, repaired 1 pier under house, rebuilt and repainted side stairs, 2 new washers/dryer sets, outside and inside of all cottages repainted, total residing of cottage, remodel shed to turn into office with heat and air, added outside storage to another cottage , installed 26 pallets of sod, complete remolded 4 bathrooms, new gravel in driveway, replaced 4 windows in main house, front drive entry concrete replaced and widened, new central A/C unit, entire outside of main house scraped and painted, and on and on. Also new owner will be blessed with some items that they appreciate while running this bed and breakfast. The bed and breakfast business is a life-style business that is very special filled with wonderful guests and fond memories. Call today because this Historical Victorian Bed and Breakfast with its location and non-competition will not last long. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
99,900.00 Down
Support & Training:
The seller will train the new owner.
Reason for Selling:
Selling due to personal matters.

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Vested Business Brokers, Ltd

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Vested Business Brokers, Ltd

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