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Pike Peak Area 10 Room Bed and Breakfast For Sale

Details: Asking price:$950,000; Sales revenue:$130,000; Net profit:$60,000; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: Located in one of Colorado's most heavily touristed areas, the Avenue Hotel is ideally situated. It feels like a walk back in time when entering this romantic Victorian home. From the original stone fireplace to the many antiques found throughout, guests can easily imagine what life must have been like more than a century ago.

Built in 1886, this wonderful Queen Anne B&B is located in the heart of the Historic District in charming Manitou Springs, near Colorado Springs. It was the first B&B that opened in town.

The main building, with three stories and a finished basement, has a total of 22 rooms and 12 bathrooms. While there are many different possibilities with configuration, it is currently operated as an 8 room inn and 1 rental apartment. The main house has 7 rooms with private baths, 3 two-room suites, and the carriage house has 2 one bedroom apartments, one on a month-to-month rental. Private bathrooms, five with with claw foot tubs, and a Jacuzzi nestled in the beautiful backyard garden all make this the perfect relaxing retreat.

The first floor houses the dining room, His and Her Parlors, His with stone fireplace, guest telephone and data port, TV/VCR/DVD and wireless access. It’s a great space for small weddings, commitment ceremonies, receptions or a site for seminars, retreats and classes. Guest rooms are all upstairs and decorated with period furniture.

General information: Years established:25; Employees: 1; Real Estate: Real Property Included; Living accomodation:This property offers flexible options for an owners quarters. There is a one bedroom apartment with living room in the main building. There are also two one bedroom units in the adjoining carriage house, so this property is ideal for owners who require additional living quarters for family or partners.; Location:Manitou Springs is a colorful, artistic and culturally diverse community rich in Indian culture. It has been called the Saratoga of the west, and there is much to do in the area: Hiking, biking, train rides, horseback riding, traveling the Pikes Peak Highway, sightseeing and tours, including Cave of the Winds, ancient cliff dwellings, Ghost Town Museum, and Seven Falls, just to mention a few.; Expansion potential:There is some room for revenue growth as the Professional Association of International Innkeepers research shows that the average revenue per room for this type of lodging is $25,000 per room per year.; Competition / Market:There are a number of hospitality properties in the area, as Pikes Peak Colorado's most famous mountain. This bed and breakfast boasts a superior location as it is walking distance to the many restaurants and shops.; Support & training:Seller will train buyer for an amount of time to be negotiated and based upon Buyer's hospitality experience.; Reasons for selling:Owner is relocating