Centennial House Bed & Breakfast and Conf. Ctr. $599,000

A stunning turn-key business at an affordable price with features only available in million dollar homes. After nearly two decades of enjoying the B&B lifestyle, the owners of the successful and well-established Centennial House in the Five College area of Western Massachusetts are retiring. Here's an opportunity for an enterprising individual or couple to own this beautiful property--built in 1811, 15 rooms, 6,500 sf, 3 stories, and one of the iconic grand homes in the heart of the historic Main Street of Northfield, Massachusetts. A popular destination for local events, the B&B boasts an international clientele, a strong repeat customer base and an outdoor recreational tourism market due to Northfield's location on the Connecticut River with boating, kayaking, canoeing, fishing and more for you and your guests. The setting in Western Mass., near Amherst and Northampton, MA, Brattleboro, VT and Keene, NH, offers colleges, museums, cultural events, attractions, great restaurants and shopping for year-round income. Northfield Mount Hermon School provides as much as 25% reliable base income from alumni, parents and VIP guests, plus customers from Deerfield Academy, Stoneleigh Burnham, Redemption Academy, and more. A new campus a mile from the B&B is likely to open in the near future. Increased rail service to New York and Montreal plus the Schell Bridge conversion to a regional bikeway over the Connecticut River promises a brisk new additional market among tourists, hikers and bicyclists. The building itself has 8 uniquely decorated bedrooms which can be converted to suites on demand. There is an open plan completely private and spacious legal apartment for owners or additional income. Like crafts? Three large basement rooms and a two bay attached garage offer your own private hobby space. There are 7 lovely fireplaces throughout the house. A new state-of-the-art indoor high tech wood pellet heating system and energy retro-fit for the house at $75,000 in 2012 securing your energy future with plentiful and affordable heat and hot water. The first floor has four gorgeous common rooms, including two front parlors, a Sun Room that seats 30+ and a spacious paneled Great Room with walk-in hearth that adds capacity for dining and events. A caterer-friendly kitchen offers new stainless appliances, two refrigerators, dishwasher, custom maple and stainless steel island, two butler's pantries, a dry storage pantry, glass front cabinets and first floor laundry access. A large owners' office with ceiling to floor shelving over cabinets, three windows, and a fireplace complete the first floor. The comfortable bedrooms and common rooms are furnished with antiques. The lovely two and one half acres boast a large gazebo, wedding arbor and rolling lawns perfect for large events (and your family pets). A new vegetable garden and orchard produced abundant fresh fruits and vegetables for breakfasts last summer and fall, significantly cutting food costs. Insulation, roof, and wiring have all been done. Why start from scratch when you can buy a popular, visible business that grossed $116,069 in 2013? Price increases in 2014 have already yielded higher revenues. This property has the potential for increased revenue due to expanding economic development in the region and local area, with the amount of an owner's draw depending on the degree of hands on involvement. Offering one year of consultation with the asking price of $599,000, the sellers could help qualified buyers with financing. Financials and business history shared with qualified inquiries and confidentiality and non-compete agreement. PLUS, if you are looking for a larger inn, there currently exists an opportunity at an incredibly low price to add a second "Currier & Ives" home next door with more potential guest rooms, a barn, woodlot/acreage and extra parking if desired. Overnight accommodations offered to serious buyers; come and experience Centennial House. So as not to concern staff and customers, please make initial inquiries by email only to: info@thecentennialhouse.com. For more photos and to get to know our B&B "community," see our new video and our Facebook pages: 'Centennial House Bed and Breakfast' and 'Weddings at Centennial House.'

Details

  • Built in 1811
  • 20 years as B&B
  • Last renovation in 2012
  • For Sale By Owner
  • 8 Guest Rooms
  • 8 Guest Bathrooms
  • Lot size: 2.50 acres
  • 7 Parking Spots
  • Has owner's quarters
  • $599,000
  • For Sale By Owner
  • 41.30% annual. occ. rate
  • $122.93 avg daily rate
  • $116,069 gross revenue
  • $116,069 room revenue

Listing Agent

Steve Stoia
94 Main St.
Northfield, MA 01360

Phone: 413-498-5921
email: info@thecentennialhouse.com
Click for video

Location

94 Main Street Northfield, MA

Photos (click to enlarge)

The flexible layout offers guests either eight individual rooms or the option of three, 2-room suites plus two-additional rooms. Here the luxury Deerfield Suite features a large private bath with 2-person Jacuzzi and additional room with two twin beds.
The stunning, sun-filled breakfast room seats 14 guests comfortably at individual tables at Centennial House Bed and Breakfast in Northfield MA. Guests love to peek into the first floor kitchen where the staff bells from the 1920's (a la Downton Abbey) are still on the wall. This full service kitchen offers a custom maple and stainless island, two refrigerators, new stainless steel appliances, glass front cabinets, two butler's pantries plus a dry storage room and proximity to the first floor laundry facilities at Centennial House Bed and Breakfast, Northfield MA.
Earn additional income by hosting indoor or outdoor weddings, teas, family reunions, business and community meetings and events, Centennial House Bed and Breakfast, Northfield MA Bright third floor, open plan owners' quarters offer a full kitchen, bath and plenty of room to relax and unwind after a busy day at Centennial House Bed and Breakfast, Northfield MA

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