Return to search results

Long Established, and Very Profitable, Bed & Breakfast for Sale!

Cape May County, NJ

Long Established, and Very Profitable, Bed & Breakfast for Sale!
Contact Seller

Asking Price: $2,600,000

Cash Flow: N/A

Gross Revenue: $383,708

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Long Established, and Very Profitable, Bed & Breakfast for Sale!

Save Print Share Valuation Report

Business Description

This beautiful seasonal bed and breakfast is located in a thriving beach destination area, and has been a successful and profitable business for nearly 100 years. It is one of the most popular places to stay at in the region, and is located just a short walk from the beachfront, restaurants, and nearby attractions.

As a seasonal business, the establishment is open to guests during the typical East Coast summer and beach seasons (roughly Memorial Day to Labor Day). Typical seasonal occupancy rate is approximately 80-90% full capacity.

The business is family owned, and is operated by a full staff of employees that are overseen by one of the family members. The business itself has, obviously, undergone several major interior and exterior renovations during its long existence; the owners have spared no expense in regards to upkeep and modernizing the facilities and amenities throughout the years. It currently features over 20 rooms for guest to book, plus additional rooms that can be utilized for bookings, but which are currently being used to house owners and family, as well as all seasonal B&B staff.

The business is very simple to own and/or operate. It is a true turn key operation open less than half the year; seasonal staff is easy to find and employ via contract, and, booking programs, an internal website, travel site presences, etc...are all already in place and provide for a seamless operation. During the off season, simple upkeep and prep for the the upcoming business season, is usually all that's required.

This is an ideal, and rare, opportunity to purchase one of the most successful and profitable B&B's on the East Coast. Additionally, the value of the property alone, provides for a substantial amount of available financing for qualified buyers.

Interested in additional Information?
1) Download or open the Confidentiality Form located in the Attached Documents section below.
2) Complete the Confidentiality Form and return it to us via the email address listed on the bottom of the Confidentiality Form.
3) Upon our receipt of your completed Confidentiality Form, we will contact you and provide you specific data for this business opportunity.

You may also download the Confidentiality Form from our website at www.AtlanticBusinessBrokerage.com, where you can also view similar businesses for sale in your area.

Attached Documents


Detailed Information

Location:
Cape May County, NJ
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
Included in the sale are: the B&B facility itself, the lot it sits on, and the the neighboring lot that is dedicated for guest parking. All facilities are in excellent condition.
Competition:
There are a number of other B&B's and hotels in the area, of course...but this is, by far, one of the biggest, most well established, and most successful, B&B's in the region.
Growth & Expansion:
This business is already well established and consistently profitable. If desired however, more rooms can be made available for guests, and a higher booking rate, and reduced labor costs, can be achieved by a more active ownership.
Support & Training:
The business is very easy to understand, own, and operate. Additionally, the owner(s) will provide ample training and advice for a purchaser in order to facilitate a smooth transfer.
Contact Seller

Contact the Seller

Contact Seller Loading

Lane Cremeans

Business Listed By:
Lane Cremeans

Atlantic Business Brokerage, Inc.

Show Phone Number

View My Listings


Sponsoring Broker:
Daniel Puciato

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1658923 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


PAX - US

Franchise Opportunity In NJ
Cash Required: 150000