Artfully Restored Historic Bed and Breakfast For Sale

Business description

This delightful bed and breakfast for sale is a designated Pueblo Historic Landmark, and has been artfully restored by the current owners. A curved staircase graces the foyer, and is the first wordless preview of things yet to come, for even the smallest detail has been addressed in this amazing renovation.

There are four spectacular guest rooms, three of which are situated on the second floor, and each of which has its own private, well appointed bath. Beautiful craftsmanship abounds, from the parquet floors to the rich woodwork to the restored Victorian lighting. This elegant home is a rare gem, one that shouldn't be missed by aficionados of Victorian era architecture.

Revenues are continuing to track up steadily and 2008 year to date income is showing a 50% increase over 2007. Trailing 12 month revenues are now approximately $60,000.

Property information

Real Estate:

Real Property Included

Living accommodation:

The light filled owner's quarters is at the rear of the house on the first floor and includes the kitchen, bath, small living room, bedroom and deck.

Location:

Pueblo is one of the larger cities in the state. The downtown and riverfront areas, only a mile away from the inn, are in the midst of a large scale revitalization project. The local government's aim is to appeal to the sophisticated traveler, and there's a plethora of shopping and dining options to choose from, many of which are just a short walk or drive from the inn.

Other information

Expansion potential:

There is still some room for revenue growth as the inn has been operating for only three years. In addition, there is a small park area behind the inn which is owned by the sellers and could be a great spot for outdoor weddings and other events. The large amount of common area on the first floor of the building could also be used for small events.

Competition / Market:

Strict new zoning regulations have made it all but impossible to open a bed and breakfast establishment in Pueblo, so it's likely that there will be little competition for this type of luxury accomodation in the area.

Support & training:

Owners will provide training to buyer's satisfaction

Reasons for selling:

Owner's are relocating due to job situation

Financing available:

Sellers will consider some owner financing to qualified buyer.

Related documents:

• 
• Confidentiality Agreement