Thinking about buying a financially successful luxury B&B in Texas?
How about the #1 B&B in San Antonio, TX?
Olmos Park, TX
It just may be the time for you to finally take that bold step, and we have the perfect place for you - where both the winters and the people are warm and friendly. The Inn at Craig Place enjoys year-round strong occupancy and has grown revenue year over year since 2007, in spite of the recession, with additional opportunities not yet tapped. The property is zoned commercial and could be used for other business purposes.
Our customer base includes out-of-town guests looking for a romantic getaway or destination wedding as well as many in-town guests looking for a short “staycation” and/or a small, intimate wedding. This popular, historic 1891 inn, with five guest rooms (and a sixth opening soon) is situated in an upscale neighborhood in the heart of San Antonio, Texas, centrally located a mile north of the famous River Walk and close to many other of the city’s oldest attractions. Since the economy remains strong in Texas, San Antonio is booming and growing in both new business and population while tourists/visitors continue to flood into the center of this vibrant city. The city continues to add new attractions, restaurants and bike lanes to the downtown/midtown area each year. With four active military bases around the city and the increasing population, there is always a need for the perfect spot for a romantic getaway and a beautiful, intimate wedding venue like this one. All in all, these demographics make downtown SA the perfect place to own a B&B.
And the best part for the innkeeper? Your own separate living quarters! The beautiful, newly renovated carriage house/innkeepers’ quarters has a private garage and private laundry facility. Enjoy the privacy you deserve in the up-to-date, modern 1500 sq. foot carriage house with corner jacuzzi tub/shower, beamed cathedral ceiling in the master bedroom, designer kitchen with granite countertops, and a separate living/dining area with patio.
The inn and carriage house sit on 1/3 acre. Garden arches lead into a beautiful, “secret” garden on the east side of the main house, the site of the outdoor weddings. A gated area leads into the east end of the carriage house and up to the private balcony. The property boasts towering trees and lush landscaping with a newly paved drive that curves around the back to the lighted parking area. The main house is also in pristine condition and was originally constructed with elements that reflect the Victorian era (as seen in its curved porches) and blended with Arts and Crafts elements as seen in its fabulous woodworking, oak wainscoting and inlaid designs in its hardwood floors. Towering 11 foot ceilings in every room add to the majestic feel. The original fireplaces have inlaid tile, each room with its own design. The parlor and dining room fireplaces have been converted to gas while all other fireplaces in the guest rooms are now electric for year-round ambiance.
And most importantly, you don’t have to renovate and build a B&B business from scratch. This turnkey business comes with strong advanced bookings for both rooms and weddings, so you will start right out generating revenue. In addition to the increasing revenue from the current five rooms (all with private baths) the inn hosts intimate weddings, which currently boost annual room related revenue by an additional 90%. There are also opportunities for additional wedding revenue which the current owners opted not to pursue.
This turnkey sale includes furniture, fixtures, linens, cookware, serve-ware, flatware, wedding inventory, new web site (completed in Nov. 2013), business logo and all imprinted inventory (champagne glasses, wine glasses, mugs, robes), customer base, and goodwill. Current owners are willing to mentor the new owners, if requested, as they plan to remain in San Antonio near their children/grandchildren.
See inn web site for additional pictures of property and rooms.