Price Reduced on Gorgeous B&B in scenic southern Illinois!

Perry County, IL

Seller Financing Available
An entire city block of serenity!
Contact Seller

Asking Price: $350,000

Cash Flow: $45,145

Gross Revenue: $54,535

EBITDA: N/A

FF&E: $50,500

Inventory: N/A

Real Estate: N/A

Established: 1986

Price Reduced on Gorgeous B&B in scenic southern Illinois!

Save Print Share Valuation Report

Business Description

Being offered exclusively by Russell Business & Financial LLC is an established, turn-of-the-century inn, located in a rural, southern Illinois town. This 5-bedroom/5 bathroom, nearly 5,000 sq. ft., immaculately kept, fully functional B&B business is in a beautiful, large 4-story home with three decks, including the entire ground floor hosting the innkeeper quarters, and a landscaped “park-like” grounds, including mature trees, a fountain and koi pond, and 2.7 acres—an entire city block! This B&B features exceptional historical attributes in an ideal geographical location.

This commercial business, along with the massive house and sprawling grounds, is steeped in rich history, being originally built in 1896 as an orphanage for children and later re-purposed into a Gentlemen’s Home. In 1986, a renovation turned it into a B&B with a European flavor. Living in this home and running this business would be the ideal lifestyle for the retiree or the young entrepreneur. Owning this business would truly be like being on vacation!

Detailed Information

Location:
Perry County, IL
Real Estate:
Owned
Included in asking price
Building SF:
4,631
Employees:
1.5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Inn has 5 rental rooms, with sleeping capacity for 15. Each bedroom is paired with its own remodeled on-suite bathroom. Additionally, a commercial kitchen and a large rental space for parties/events is on the main floor. There is ample room on the grounds to host outdoor events, as well as a newer, two-car garage, complete with mower and outdoor tools to keep the grounds beautiful. The two-bedroom innkeeper’s quarters is huge and comprises the entire bottom floor of this 4-story home. The entire house is kept cool and warm by three HVAC units, all recently installed.
Competition:
The business has a prime location near a small downtown, in a scenic region, known for its hills and forests. Its central location connects it within a few miles of wineries, breweries, golf courses, restaurants, national parks, lakes and recreation areas, nationally recognized event and competition centers, such as a fairgrounds and world champion shooting complex, and a major university. This scenic region offers a wonderful climate, no traffic, ample parking, and no fast-paced hustle and bustle. It is located within 45 minutes of 3 major interstates with easy access to multiple metropolitan areas. This inn is consistently rated at 9.8/10, which fares high compared to other regional overnight venues.
Growth & Expansion:
In 2004-2005, when the owner was working in the business full time as a chef and offering meals and event catering, the revenues were in the $130,000 range. Operating until 2016 with the phone call-booking method, the seller added online booking and has seen growth. A huge opportunity exists here to build capacity through social marketing and further listing of inventory on other booking sites. A new owner would have options to expand bookings as the current owners have experienced some recent health problems and have not been able to give it their full attention and are now ready to retire. The attic, richly adorned in original wood, could be easily remodeled into a usable space as well. The commercial kitchen could be put to more use to host and cater parties and even offer a lunch or dinner menu to the public, in addition to offering a breakfast to the overnight guests.
Financing:
Considered with 25% down payment
Support & Training:
Turnover period will not be long or intense; merely information about online booking system and the facilities.
Reason for Selling:
The owners have had some health issues and are ready to retire and relocate.
Business Website:
http://franciesinn.com
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Robyn Russell

Business Listed By:
Robyn Russell

Russell Business & Financial

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1558347 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


iTrip Vacations

Franchise Opportunity
Capital Required: $105,000