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Asking Price: $1,200,000

DRASTIC PRICE REDUCTION Historic BnB/Wedding

Not Disclosed, MO
Ralls County

DRASTIC PRICE REDUCTION Historic BnB/Wedding Complex on 37 AcresDRASTIC PRICE REDUCTION - Seller needs a quick sale. Price is as-is. Garth Woodside Mansion is a successful, established, absentee-owned BnB and wedding complex on 36.6 wooded acres in historic Hannibal, MO. Built in 1871 by Col. John Garth, a local businessman and personal friend of Samuel Clemens (Mark Twain), Garth Mansion is rich in historical significance and beauty. The asking price is half of the 2014 appraised value of the property alone. The highly-motivated seller lives out of state and uses a manager to operate the business. For personal reasons, he has reduced the asking price to rock bottom - 'as is'. The company has traditionally generated $417k in revenue and $152k in SDE (plus living expenses for the owner or manager). The property includes a completely renovated and registered historical mansion with a recently-added large dining/event room with full commercial kitchen. Furnished mostly with original/period finishes, the main building has eight guest rooms with full bathrooms plus manager's quarters. There are also three recently constructed and fully-equipped guest cottages (with plans for 15) ranging in size from 773 sf to 1546 sf. and an outdoor covered pavilion with kitchen and gazebo for weddings and events. With considerable excess capacity and land, profits can be increased through effective marketing and development. The seller believes that with proper marketing, revenue from the wedding/event venue could eclipse revenue from the BnB. This beautiful property is priced to sell quickly and would be perfect for a family looking to operate a BnB in an idyllic setting - a great lifestyle business and investment.This business has been pre-approved by an SBA Lender.For further information, contact the listing broker, Charlie Scarlett at 636-400-5409 or cscarlett@tworld.com.Real Estate available through WJRJR LLC, 636-400-6100 Listing Broker William Roland Jr.

Cash Flow $167,609
Revenue $439,716
$ Owner Financing Available

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