Business Overview:
Income to owner $160,540 and trending up. Revenue $195,340 you can buy this business for $250,000. 2.87 acres of prime real estate in Pinellas County available for purchase as short sale with the business $590,000. Established 2005, this is a great opportunity to own and run a 2 story, 9 bedroom boutique vacation resort in a great location, current bookings through 3/12. 5,732 square feet includes 3 - 1 bedrooms, 2 - 2 bedrooms and 2 motel rooms with wet bar, office with reception area and laundry facility, located on 2.7 acres of picturesque real estate with plenty of room for expansion. Property improved in the past 5 years with new A/C systems, a 13x50 pool and a new submersible pump for well water. Sufficient parking includes a carport for 4 cars plus an additional 4 parking spaces. Reaching an international clientele 75% of reservations are from Europe 25% are U.S. residents. European clients book on average 4 weeks and U.S. residents book 2 weeks. Flight travel agency offering flights to Europe and European tours, income included in gross income. New owner has the option to live on property or reside at an outside location. Zoning allows for property to be converted to an assisted living facility or similar type of facility. Great lifestyle opportunity for the right qualified buyer.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Assets:
• FF&E(Furniture, Fixtures & Equipment): value is approximately $60,000. A complete FF&E list is available for a qualified buyer who has signed a confidentiality non-disclosure agreement with business ventures of Tampa Bay Inc.
• Leasehold Improvements: The estimated value of leasehold improvements is $400,000.
Lease:
• The business operates from a 5,257 square feet facility that is seller owned and has been in operation since 2005.
• Real Estate is available for purchase with the business for $590,000.
Market Competition and Expansion:
• The business is advertised on Craigslist to the U.S. market and obtains reservations through a third-party website. Referrals continue to be an excellent source of generating new business for the hotel.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: