Atlantic Shores Realty, LLC / Atlantic Shores Commercial Realty
The Victorian Villa Bed and Breakfast is very well known and popular around the Charlotte, North Carolina area. The B&B has risen to the top of the most popular B&B's in the country for weddings. Unfortunately due to city zoning ordinances, the Villa will no longer be hosting weddings. This business recently sold for 1.7 million dollars, but during the recent zoning conflict, the buyer was lost. The business will now be sold as a regular B&B for the cost of the home itself. The unusual part of the sale is that the business is currently running out the last remaining weddings for 2014. It is currently staffed and producing beautiful weddings with no help from the owners. The blessing you will receive is that upon close, all remaining deposits and payments for the 2014 weddings will go to the new owner, so the sooner it is bought the higher the return will be. As of the first of June it will be around 100K not including all remaining payments for the rest of the year. The business still retains its legal B&B license and is one of only a couple in Charlotte. It is located only 2.5 miles behind the airport and not in the line of flight of the airport so it is quiet and serene. Located on a beautiful cove of Lake Wylie, this B&B will be an awesome party house, or entertainment center with a 12 table tiki bar area, swimming pool, Koi fish ponds, Outdoor bathroom, and living quarters for the owners. There is also a separate two bedroom jack-n-jill bathroom area that can be rented out or used by the owners. Due to the weddings being the primary source of income in the past, financing will be unlikely for this gem, but a cash buyer can get 15% of their investment back by November! If you can afford it, this is the one to buy. Great for a retiring person, or a young driven person that wants to build an awesome retirement. Virtually no competition in the area. Owners quarter complete with granite counter tops, bamboo flooring throughout, and granite floored Elizabethan style bathroom. Check out the attached video of a recent wedding to get a feel for the place. Email us to discuss further information.
Charlotte Metro Area, NC
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