Bed & Breakfast For Sale
Location: United States -> Mississippi -> Laurel
Industry: Hotels and Holiday Accommodation > Guest Houses / Bed and Breakfast
Businesses for sale Summary
Bed & Breakfast, first of its kind in Laurel, MS is for sale for only $229,000. Historic building 100 years old (circa 1907) Owners, a husband & wife team ran this service from two cottages on the grounds of the main house. Most of the patrons were from New Orleans & Jackson & within a 40 mile radius of the property. Guests were mainly anniversary couples & weekend stays. Owners originally did this part-time & never fully intended to provide full-time income (unless rooms in the main house were utilized which would require additional bathrooms, an easy renovation by using the large closet spaces available). Word of mouth about these unique & hospitable accommodations proved sufficient for a steady stream of weekend patrons. Expansion of this bed & breakfast could prove very lucrative if savvy new Owner worked in conjunction with the wedding chapel & large catering facility nearby, the Lauren Rogers Museum of Art & the various tourism groups promoting the area. In order to free up their weekends, the current Owners increased prices to $135.00 per night with a 2 night minimum stay & they still had more than ample business on the small personal scale that they desired. They also had lots of repeat customers. Value of real estate approximately $229,000. Value of Assets $30,000 which include original wall murals. Prime location & very easily accessible in Laurel, Mississippi. The property has 3 buildings covering 3,600 sq.ft. Laurel is on Interstate 59. However, Highway 84 also connects Laurel to Natchez, about 180 miles away. Hurricane season often brings precautionary evacuees from the Gulf Coast needing overnight accommodations (about a 2 hours drive). With its oak-lined streets to its lovely turn of the century homes, Laurel is a charming & gracious southern town. Great place to call home! Contact for more information on this Bed & Breakfast business for sale.
Financials
Asking Price Range: < $250K
Gross Revenues: Seller Will Provide
Cash Flow: Seller Will Provide
Cash Flow Type: EBITDA
Inventory: $30,000
Seller Financing: No
About The Business
Year Established: 1994
Number of Employees: 1 – 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Owners are prepared to offer some consulting & helpful advice.
Reason For Selling: Owners love the house & property, but now desire to live in rural area.
