Inn and Cottage, Asheville

Asheville, NC (Buncombe County)

1889 White Gate Inn & Cottages
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Asking Price: Get Financing: $2,650,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Inn and Cottage, Asheville

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Business Description

NEW PRICE! This is a rare opportunity to own one of the most unique properties and financially successful bed and breakfast inns in Asheville and Western North Carolina. The 1889 WhiteGate Inn and Cottage for sale Asheville has the perfect location, being the closest of any inn to downtown. One of the most unique features of the WhiteGate Inn and Cottage for sale Asheville are the extensive gardens which have established the inn as a horticultural destination.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Facilities:
This 11 guest room bed and breakfast inn for sale is one of only 2 AAA 4 Diamond, Select Registry® inns in Asheville, also listed on the National Register of Historic Places. Comprising 4 buildings on a single lot (unusual in itself) the main inn has 4 guest rooms on the second floor and 1 luxury suite on the garden level. The spacious 2 bedroom, 2 bath owner’s quarters with great room and kitchen are on the third floor.The first floor is dedicated to dining room, guest common areas, kitchen, and office. The 2 story Carriage House, built in 2007, has 3 luxury suites and a fully equipped exercise room with sauna. An adjacent 1905 Bungalow, which was completely renovated in 2008, boasts an 1100 SF 2 bedroom suite and a 650 SF 1 bedroom suite, both with full kitchens. There is ample attic storage in the Bungalow.
Competition:
The very successful 1889 WhiteGate Inn is just three blocks from the edge of Downtown Asheville, 2.3 miles to the Biltmore Estate, 4 miles to the entrance of the Blue Ridge Parkway, and 2 blocks from I-240, which passes through Asheville.
Growth & Expansion:
1889 WhiteGate Inn and Cottage for sale Asheville has consistently maintained occupancies in excess of 60%, resulting in revenues that make this inn both profitable and good value for the knowledgeable buyer seeking both a lifestyle and a great living in one of America’s favorite destination cities. The WhiteGate gardens feature over 600 perennials, rare and unusual trees, shrubs, and conifers. Described as a tropical oasis in the city, the garden has been featured in magazines and has hosted gardening groups from all over the United States. the focal point of the main garden is an extensive water feature with 3 ponds and 9 waterfalls connected by a stream course.
Reason for Selling:
Owner's retiring
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Peter Scherman

Business Listed By:
Peter Scherman

The B&B Team Inc

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Sponsoring Broker:
Rick Wolf

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