Strong Investment Historic Bed and Breakfast Downtown Charleston For Sale

Business description

Historic Inn for sale c.1832 which contains 8 guest rooms (5 queen rooms, 1 suite, 1 double room and 1 carriage house) located in the residential historic district of Charleston. Wake to the aroma of fresh brewed coffee and sizzling bacon in our Charleston, SC inn, Charleston's best gourmet bed and breakfast place. Interested Contact Gino

Property information

Real Estate:

Real Property Included

Location:

The inn was built in 1832 and has served as an inn for over 30 years. The last major renovation was completed in 1993 when it was converted from an apartment building to a B & B. AT that time a laundry was constructed between the carriage house and the inn. The inn contains approximately 4,500 sq. feet of living area including 8 guest rooms/suites, formal dinning room and parlor and kitchen/office combined. The carriage house occupies approximately 850 sq. feet and is counted as one room though it can accommodate up to six people.

Other information

Expansion potential:

Tourism continues to grow in Charleston as Conde Naste has had Charleston in the top five tourist destination in the US for the last six years and this last year Leisure & Tourism ranked Charleston third in the US. Many of those tourists seek historic accommodation in which to stay. Over the last three years revenues have grown an average of almost 7% per year. While MUSC has been a good customer of the inn significant opportunity exits in extending accommodations to departments that have yet to book rooms with us.

Reasons for selling:

Ready to pursue other interest....

Financing available:

Negotiable

Furniture / Fixtures value:

$250,000 (included in the asking price)

Inventory / Stock value:

$3,500 (included in the asking price)