Business for Sale Overview:
This well established, charming and successful Bed and Breakfast is located in the heart of Williamsburg. Ideal location, only minutes from the Historic District, Merchant Square, and the College of William and Mary. The business offers 3 spacious guest rooms, each with its' own private bath. The Innkeepers enjoy private, newly decorated living quarters on the first floor with masonry fireplaces in the living room and family room. Delicious homemade breakfasts each morning of specialty French Toast, Pancakes, Eggs and Omelette Specialties made to order.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The building (house) was built in 1946, and has 2,395 sq. ft. of living space in a beautiful 1/3 Acre plot near Historic Williamsburg. It operated as a Bed and Breakfast from 1989-2001, then closed as a business. It was purchased by current owners in late 2004, and after extensive remodeling/refurbishing, reopened as a Bed and Breakfast in 2005, and has run continuously since. Included in the remodeling was extensive updating of the interior, upgrading of the structure, and replacement of virtually all appliances and equipment. Included in asking price: Furniture, Fixtures & Equipment of $65,000.
Financing: Some financing available for well qualified buyer.
Support/Training: The current owners, a Husband and Wife Team, will provide all training, support, and transition necessary for a smooth and orderly changeover- up to 4 weeks full time; more if necessary.
Market Competition and Expansion:
Competition: There are a number of other Bed and Breakfasts in the Williamburg area. Most, including this one, in particular, are surviving/thriving in these difficult economic times. They appear positioned well to continue to grow and prosper as the economy shifts back and readjusts positively. They appear, certainly, to be one of the stronger performing B&B's currently in Williamsburg.
Growth and Expansion: There is sufficient property and room to grow in terms of additional bedrooms and space, principally from the back side of the property. Consideration should be given to adding 1, 2, or 3 additional Bedrooms with Baths.
Reason for Selling:
New Job; moving out of State.
Additional Details:
- The property is owned.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.