Beautiful Estate House Bed and Breakfast

Glenwood, IA
Mills County


Asking Price: Annual Revenue:
$60,000 $81,091

Services: Hotel, Motel, Lodging


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RE: Beautiful Estate House Bed and Breakfast Broker: John Fullerton
Owner Financing is Available!

Quick Facts

Asking Price: $60,000
Annual Revenue: $81,091
Net Profit: Not Disclosed
Cash Flow: $41,347
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 10
BBN Listing #: 796559843
Broker Reference #: 87671-808498

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Business Overview:

Gorgeous six-bedroom Bed and Breakfast fed by a nearby event center! Guests revel in this luxurious setting with a LARGE master Jacuzzi suite, bathrooms in each and every bedroom, and amazing walk in closets. Lots of updates, fine furnishings, everything family and friends could need! Sits on 2.88 acres. Perfect for entertaining, favored by brides and grooms and others who want to stay in style near the area's premier event center. Growing Air B&B rental business ready for you to make good money doing easy work. Rents on AirbBnB for $350/Night, 2 Night Minimum plus $200 Cleaning Fee. Advertised Seller's Discretionary Earnings (SDE or "Cash Flow") are projected estimates with the attention of a new owner. Cash flow for 2020 will be slightly in the red, but the sellers project significant net income is right around the corner. Projected SDE are estimates and will be determined by buyer's efforts in the coming year.
House from the 1800's fully renovated and updated, charming and full of character Sellers have been using this as a vacation rental for years. Sellers have moved out of the country - now is your chance to take over, make money and have fun.
Competitive Overview Unlike anyplace on Earth! A beautiful B&B in a gorgeous setting! a great investment opportunity! The majestic home sits on 2.88 acres in a rural area with the only close neighbor being a scenic secluded Ballroom. Many fantastic updates and a fun layout.
Potential Growth: Use the existing Facebook page and web site for active promotion to increase occupancy and grow the bottom line.

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Reason for Selling:

Relocated

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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