Price Slashed on this B&B in "Little Switzerland" For Sale

Business description

Seller is motivated and has reduced the price on this well located bed and breakfast. Most recent appraisal values the property at over $700,000.

You can't beat the location of this 5 room bed and breakfast. Situated on Main Street in Ouray, the inn is surrounded by some of the most breathtaking scenery in Colorado. Known for its plethora of outdoor activities, Ouray swarms with tourists who travel here from all over the world.

The inn caters to couples who seek a romantic getaway, and each guest room offers either a jacuzzi tub or steam sauna.

Property information

Real Estate:

Real Property Included

Living accommodation:

The lower level of the inn is currently configured as a three bedroom owner's quarters.

Location:

Commercially zoned, and located on Main Street just steps from the center of town.

Other information

Expansion potential:

The inn is currently not operating year round as the owners both commute to jobs outside of Ouray. There is quite a bit of upside potential in the revenue as the national average room revenue per year for a bed and breakfast is $25,000 per room (according to the Professional Association of International Innkeepers).

Competition / Market:

There are a number of hospitality properties in town that are competitors. Summers are so beautiful in Ouray that hotel rooms are at a premium.

Support & training:

Amount of training to be negotiated, depending upon buyer's hospitality experience.

Reasons for selling:

Owners need to relocate

Financing available:

Local bank has voiced an interest in providing financing to approved buyer.