Hit the ground running! Clay Corner Inn Bed & Breakfast, located a block from the Virginia Tech campus in Blacksburg, is running full steam! Operated very successfully for several years by the current owners, the B&B was closed in 2004 for tax and family reasons. Not wishing to leave the property as a non-producing asset, the owners updated and re-furnished the B&B and are again demonstrating how a superior location, a proven operating model, and a flexible facility can make money in the small lodging industry.
With up to eight guest rooms plus owner’s quarters, in-ground pool, and commercial kitchen Clay Corner Inn is a viable property. There are five traditional guest rooms with private baths, three two-bedroom suites with baths, and extended stay potential with two guest kitchens. The inn’s website, www.claycorner.com, has remained active for many years and enjoys strong Google ranking. The B&B has maintained its bed & breakfast license continuously and also has a restaurant license, which can afford untapped opportunities.
Since the business was reopened in 2008 and does not have a long recent track record, the owners are willing to consider owner financing the sale to a strong buyer with a solid down payment for two to three years. This will give you the opportunity to build your business to a point where you can refinance with a commercial bank.
If being in a wonderful college town in a beautiful corner of Virginia sounds appealing, and you’d like the chance to build your own hospitality business on the foundation of a very successful history, please inquire with Peter Scherman. Clay Corner Inn is offered turnkey for $965,000, an excellent value.
Details
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- 8 Guest Rooms
- 8 Guest Bathrooms
- 1 Parking Spots
- Has owner's quarters
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Listing Agent
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Peter Scherman, The B&B Team, Inc.
P.O. Box 399
Scottsville, VA 24590
Phone: 1.434.2864600
email: scherman@bbteam.com
The B&B Team, Inn Consultants and Brokers Since 1993
Serving the innkeeping community nationwide from offices in Virginia and Maine.
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Location
401 Clay St. SW Blacksburg, VA 24060
Photos (click to enlarge)
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