Business Overview:
At first glance, most guests would assume this gorgeous facility is the long-since renovated home of a wealthy North Texas family. With its opulence and mature grounds, the facility has the charm of a classic old home turned boutique hotel. Then you come to find out it was constructed in 2001 and you truly appreciate the attention to detail and find it hard to believe that a new facility like this can have such timeless comfort. This facility serves a number of different types of clientele through a variety of different offerings. As a traditional boutique hotel or inn you can find couples enjoying a romantic weekend away from the city or business travelers who have been put up there by local companies. As a restaurant you can enjoy some of the area s best fine dining. As an event or meeting facility local industry has access to a comfortable space to host corporate functions. As a wedding location brides are treated to one of the most unique a beautiful full-service facilities in North Texas. Of the services offered, about 41% of the business revenue comes exclusively from weddings, while the room rentals account for 31%, the restaurant generates 8% and the remaining income comes from other events and tips that are distributed to the staff. When the current owners took over the business in 2006, the facility was hosting about 25 weddings per year today that figure has grow to 100, which has accounted for the continued growth in revenue since the new owners have been operating the business. Overall, they host about 14 events each month. The owners currently operate the inn absentee, spending about 10 hours on-site each week. A new owner could choose to continue this absenteeism, or could decide to be hands-on and reduce salaries easily by $100,000.
For further information, please complete our Non-disclosure Agreement at http://www.vrbigd.com/nda. Jeremy Furtick can be contacted by email at jeremy@vrbigd.com or by phone at 972-792-0100.
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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:
The inn sits just a few miles off of a major interstate highway, but you would not know it once you arrive the property is studded with mature trees and sits in a secluded area where guests can truly get away. The 4 plus acre property currently has one structure the 13,000 square feet inn. The grounds are beautiful, and in the back on the facility there is a pool, hot tub, large outdoor patios and pergola. Indoors, the inn houses intricately appointed guest rooms, as well as ample common areas, a restaurant, owner's quarters and a three-car garage.
Market Competition and Expansion:
When you consider the breadth of services this operation offers to guests, there really is no facility that competes in the immediate area. There are other hotels, other wedding facilities and other meeting spaces in the vicinity, but no one location has it all, as this one does. They have a unique position in a growing area, which helps to explain their recent growth and confidence in continued expansion.
Reason for Selling:
Owners need to focus on building their new family.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.