Rhode Island Bed & Breakfast $969,000

Once a stopover for stagecoaches traveling from NYC to Boston, this Inn now offers 11 guest rooms equipped with fireplaces and spa tubs. As Rhode Island is the smallest state in the union, the Inn is close to a variety of attractions. Newport is 15 minutes away and the Narragansett Bay is close. There are six golf courses in the area. The University of RI only a few minutes, and Foxwoods Casino about 30 minutes.

So, close to everything and yet situated in a small village offering a nice lifestyle for owners. The Inn borders a river with a pretty waterfall just a short walk from the Inn. Eight of the guest rooms have river views.

Room sales average about $159,000 over the past three years. With stronger marketing, the include should surpass its current level. Oh, we almost forgot - there are four rented retail spaces located on the ground level of the Inn that add about $60,000 in annual income.

Details

  • 11 Guest Rooms
  • 11 Guest Bathrooms
  • Lot size: 1.20 acres
  • $969,000
  • 30% annual. occ. rate
  • $135.00 avg daily rate
  • $220,000 gross revenue
  • $160,000 room revenue

Listing Agent

Inn Consulting Partners, Inn Consulting Partners
40 High St, PO Box 1162
Brattleboro, VT 05302

Phone: 877-957-2360
email: inns@innpartners.com

Let the Inn Consulting Partners team help you make the right match. We have a fine selection of Inns and Bed & Breakfasts.

Location

Village Undisclosed, RI 02898

Photos (click to enlarge)

Rhode Island Bed & Breakfast with 11 guest rooms, plus four rented retail spaces.
There are four rented retails spaces, adding to the annual sales. There are 11 guest rooms, all with fireplaces and spa tubs.

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