Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$229,000 USD USA Dollars
Business for Sale Industry:	Services: Hotel, Motel, Lodging
Reason for Selling:	Owners want to pursue other interests.
Year Established:	1994

Business for Sale Overview:

Bed & Breakfast, first of its kind in Laurel, MS is for sale for only $229,000. Historic building 100 years old (circa 1907) Owners, a husband & wife team ran this service from two cottages on the grounds of the main house. Most of the patrons were from New Orleans & Jackson & within a 40 mile radius of the property. Guests were mainly anniversary couples & weekend stays. Owners originally did this part-time & never fully intended to provide full-time income (unless rooms in the main house were utilized which would require additional bathrooms, an easy renovation by using the large closet spaces available). Word of mouth about these unique & hospitable accommodations proved sufficient for a steady stream of weekend patrons. Expansion of this bed & breakfast could prove very lucrative if savvy new Owner worked in conjunction with the wedding chapel & large catering facility nearby, the Lauren Rogers Museum of Art & the various tourism groups promoting the area. In order to free up their weekends, the current Owners increased prices to $135.00 per night with a 2 night minimum stay & they still had more than ample business on the small personal scale that they desired. They also had lots of repeat customers. Value of real estate approximately $229,000. Value of Assets $30,000 which include original wall murals. Call now for more details.

Property Features and Assets:

Prime location & very easily accessible in Laurel, Mississippi. The property has 3 buildings covering 3,600 sq.ft. Laurel is on Interstate 59. However, Highway 84 also connects Laurel to Natchez, about 180 miles away. Hurricane season often brings precautionary evacuees from the Gulf Coast needing overnight accommodations (about a 2 hours drive). With its oak-lined streets to its lovely turn of the century homes, Laurel is a charming & gracious southern town. Great place to call home!

Market Competition and Expansion:

Great potential for expansion. By teaming up with other businesses in the area, this business could become very busy & lucrative with the right person at the helm.Some competition, however this establishment is very unique in comparison to the other bed & breakfast facilities in the area.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.