Successful 3 or 4 room B&B North of Traverse City. This classic brick Foursquare sits on 2.5 acres with 2+ car garage in highly visible location near the entrance to Shanty Creek Ski & Golf Resort; less than two miles from Lake Bellaire or Grass River access, five minutes to world-famous Torch Lake and surrounded by area golf courses and cross country ski and hiking trails. Best of all, just half an hour from the Jordan River, Lake Michigan, Charlevoix and Traverse City.
Traditionally decorated with many original fixtures and a charming mix of new and antique furnishings, including a large number of one-of-a-kind handpainted furniture pieces. Each room in the house has hardwood floors; main floor offers heavy original oak trim and baseboards. Rare 1st floor guestroom offers very large private bath and beautiful birdseye maple trim and baseboards.
Common areas include a guest dining room that seats eight, guest parlor with fireplace and immense wrap-around porch. Fieldstone basement has laundry facilities, a large root cellar and tons of storage.
Improvements have been substantial; freshly remodeled kitchen and Innkeeper's Living area, new porch, new guest parking area and brick walkway, new Bosch washer and dryer, new stove and dishwasher, exterior paint, window shutters, upgraded electrical and plumbing and new basement insulation. All new energy efficient entry doors, new guestroom a/c units, new luxury pillowtop mattress sets and new second floor Pella windows. Simple and easy to maintain landscaping with established flower and hosta beds, and a wonderfully fragrant lilly of the valley bed. Immense century old lilacs and maple trees surround the house.
Each of the guestrooms features a new queen pillowtop mattress set, dresser, electric fireplace, color TV/VCR, premium cable, wireless internet and warm hardwood floors. Two guestrooms have a private bath, and the third and fourth guestrooms share a hall bath (keepers currently sleep in fourth bedroom). Private Innkeepers living room/office off extremely large country kitchen with massive center island and built-ins. Plenty of room for expansion.
This Inn was a start-up six years ago; it has been smartly marketed with a highly ranked and easy to maintain website; listed in the best directories, members of the Traverse City Convention & Visitors Bureau, and seen on hotels.com, travelocity.com and expedia.com. 2008 saw a 63% increase in room revenue and 28% increase in occupancy over previous years. 2009 is dead even with 2008 YTD. We have many loyal repeat guests, fantastic reputation and outstanding online guest reviews. The inn specializes in a younger and more active demographic, resulting in minimal competition from other existing area Inns. Founding member of the "Inns of Antrim County".
Asking $225,000. Most furnishings are available for purchase. ADR during summer reaches $118.00 with occupancies exceeding 86%! Averages for the 2008 business year are shown below.
If the cost of Inns for sale has made your dream of Innkeeping out of reach, this is the perfect opportunity in the perfect location. The Inn is priced to sell quickly, and leaves financial room for personalization, expansion and further improvements. This Inn pays it's own bills, is easy for one person to run with no need for employees; you couldn't start this Inn from scratch for this price in this location.
Details
- Built in 1910
- 6 years as B&B
- Last renovation in 2009
- MLS #170888
|
- 4 Guest Rooms
- 3 Guest Bathrooms
- 6 Parking Spots
- Has owner's quarters
|
- $225,000
- 40% annual. occ. rate
- $101.00 avg daily rate
- $40,000 gross revenue
- $40,000 room revenue
|
Location
7296 S. M-88 Hwy Bellaire, MI 49615
Photos (click to enlarge)
|