Bed & Breakfast with Spa, Winery, Conf. Center

Not Disclosed, OH
Ashtabula County

Northeast Ohio along Lake Erie


Asking Price: Annual Revenue:
$3,850,000 Not Disclosed

Services: Hotel, Motel, Lodging


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RE: Bed & Breakfast with Spa, Winery, Conf. Center Broker: Rick Gardner
License #: SAL.2009003371
Owner Financing is Available!
Possibly up to 10% Depending on Buyer Qualifications.

Quick Facts

Asking Price: $3,850,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $2,100,000
Year Established: 2000
Employees: 50
BBN Listing #: 306756355
Broker Reference #: Not Disclosed

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Business Overview:

Located on the shore of Lake Erie, this B&B provides a unique getaway for guests and an all-inclusive experience. In addition to comfortable lodging, the hotel features a full production winery, farm-to-table restaurant, and a luxury spa. Guests can watch a sunset on Lake Erie, relax on the lakefront patios, tour the local wineries, or pamper themselves at the spa. A variety of vacation packages and specials are available for guests. It is ideally situated in the 6th-largest wine producing state in the nation, and the largest wine-producing region in the state. There are 25 wineries within 10-30 minutes of the property. Sale includes property and all business. Must be sold as a package. Owners retiring. NOTE: All prospective buyers must sign our attached Confidentiality/Non-Disclosure Agreement and provide proof of ability to finance acquisition.

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Property Features and Assets:

Started in 2000 as a small B&B, the winter of 2001 witnessed the remodeling of the property and addition of wine production. In 2004 we added the first restaurant with outside dining. In 2005 we built the owner’s quarters and offices. In 2007 we terraced the backyard and added the patios and stairway to the beach. In 2010 we added a spa and conference center. In 2012 we built the new restaurant with 60 seats inside with a small bar. In 2013 we started sourcing our meats, produce, cheeses, eggs etc. locally. SBA Lender has pre-qualified the value of this acquisition and also has some assumable financing already in place. Approximately 50 employees year-round, with seasonal increase from May through October.

Reason for Selling:

Retirement

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.

Documents:

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