Owners returning to family in UK and selling this strong cash flowing turnkey business in year round resort town. Hot Springs attracts visitors for many activities from spas, weddings, horseracing, crystal mining, hiking, off roading, lake recreation, sports, park activities and conventions. The Hotsprings.org organization works exclusively to bring tourist and business events to town and the opportunity to address these markets is enormous.
The owners will train buyer as needed (including any first time innkeeper) on all aspects of running the inn. Fully trained housekeepers, systems and property management software can be retained to facilitate a smooth transition and allow new innkeepers free time. The inn may also appeal to current bed and breakfast owners who would like the cashflow with more free time. A full or part time manager could potentially be employed and still allow for owners cashflow, particularly if the direct and online booking channels were optimized.
The Inn is located on scenic highway 7, one mile from historic downtown Hot Springs, the National Park, convention center and bathhouse row. Also convenient for racetrack/casino and Magic Springs theme park. The location brings drive in guests and provides easy 15 minute walk downtown. Highly rated restaraunts are located less than half a mile from the inn.
The inn sits on two plots and consists of a 1905 three story house, cottage house and adjacent row of twelve rooms. Main house contains generous owners appartment, two king suites upstairs and basement. Cottage house contains two king rooms and one king suite. There is an outdoor swimming pool and porch in front of the main house which is a big summer attraction.
Repeat business is strong with referals from local businesses and downtown visitors center. Listed on on B&B.com, Tripadvisor, Google places, Yelp, Arkansas.com, Hot Springs.org and Lonely Planet Guide. The inn is also a member of the Bed and Breakfast association of Arkansas, Bed and Breakfast.com and the Association of Professional Innkeepers.
Currently the inn is ranked #1 overall business in Hot Springs on Yelp and #6 on tripadvisor in the bed and breakfast/inns category. These rankings result in good volume of business coming through these sites.
All sales are direct with no sales commission paid. The currently used property management software has a booking engine compatible with GDS system and bed and breakfast.com. Significant revenue upside could be got from managing direct and online revenue. The Inn’s niche position allows some level of insulation if economy slows and still plenty upside in a healthy economy.
Since 2009, all guest rooms have new carpet, beds, a/c, flatscreens, refrigerators and many other furniture upgrades. All inventory and fixtures are included except those in the owners appartment.
- Built in 1905
- 60 years as B&B
- Last renovation in 2013
- For Sale By Owner
- 17 Guest Rooms
- 17 Guest Bathrooms
- Lot size: 0.67 acres
- 22 Parking Spots
- Has owner's quarters
- For Sale By Owner
- 45% annual. occ. rate
- $67.60 avg daily rate
741 Park Avenue Hot Springs, AR 71901