Long Established, and Very Profitable, Bed & Breakfast for Sale!
New Jersey, NJ
Ad ID : 1658923
Bed and Breakfasts / Other Travel
- Asking Price:$2,600,000
- Annual Gross Revenue:$383,708
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.
Included In Asking Price: Furniture, Fixtures, Equipment, Inventory.
Not Included In Asking Price: 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 and 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.
About the Sale
Support and 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.
Attached Documents:Confidentiality Form
Name: Lane Cremeans
Phone: (Mobile)443-799-4835 / (Office) 410-561-9800 / (Toll Free) 800-279-7569