This profitable Inn pays for a quality lifestyle!
On 10.5 acres of country living, the Inn features seven en-suite guest bedrooms, two living rooms, and a glass fronted dining room. A separate 1,684 sq. ft. owners' residence with its own private entrance, a granny flat, an enclosed garden, and separate entry to the barn makes the property quite unique. Fenced paddocks and lawns with shady black-locust trees, and direct access to walking, cycling, snowmobiling, X-country skiing and horseback riding trails are other attributes. A gated country estate close to the lake, the property is three miles to the Chautauqua Institution, 30 minutes to downhill skiing, and close to restaurants, and 21 wineries, etc.
This is a very successful business with six-year 250% revenue increase since the current owners took over and effected extensive modifications. Opportunities for additional revenues are numerous and could include 50% room expansion converting existing structures. Fully furnished, it is a turnkey property and opportunity. With the Institution, ski-resorts and wine trails close by, the regional and local tourism economy is well insulated.
This is a unique opportunity for someone wishing for a rewarding alternative lifestyle. Bank financing available to qualified buyers.
Reason for selling: Health related. Motivated seller. Reduced from $850,000
Details
- Built in 1820
- 12 years as B&B
- Last renovation in 2010
- For Sale By Owner
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- 7 Guest Rooms
- 7 Guest Bathrooms
- Lot size: 10.50 acres
- 8 Parking Spots
- Has owner's quarters
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- $675,000
- For Sale By Owner
- 35.30% annual. occ. rate
- $140.00 avg daily rate
- $155,000 gross revenue
- $127,000 room revenue
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Location
6642 East Lake Road, Route 430 Chautauqua, NY 14757
Photos (click to enlarge)
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