Business Overview

Elegant country manor/inn on 14 rolling acres nestled near two creeks. Currently being used as a commercial Inn. 6 private guest cottages exquisitely decorated with antique furnishings in old-world European-inspired themes. 3-story main lodge with historical architecture including 500-year-old doors from a Tuscan villa and 300-year-old stained glass windows from an English church throughout. Stunning dining room with grand fireplace seats up to 22. Gourmet kitchen. Library features ornate fireplace, wet bar and large windows with spectacular views. 2nd story bedroom and bathroom with spacious living room and office. 3rd floor bedroom and bath. Luxury whirlpool spa + infrared sauna. Terraced courtyard leads to pristine outdoor pool. Accommodates 18-20. Inn comes furnished. Ask agent for furnishing exclusions. Inn is turnkey and ready for a new inn keeper/owner to continue the 5 star tradition of Elm Creek.

Awarded numerous accolades. One of the top 10 culinary Inns in the world. Conveniently located on the outskirts of a small German town offering unique shopping, food and four nearby vineyards. Approx. 1 hour north of DFW Airport. Gated property entrance. Greenhouse, beautifully manicured pocket gardens, multiple porches and sitting areas, and outdoor game area.

Currently on pace to bring in over 450K in revenue.

Currenlty configured as Manor where owner lives and 5 guest cottages. A value add for this property would be transforming it into a 6 or 7 cottage property with minimal investment. Projected revenue based upon this year for a 6 room in projects to bring in 480K. A 7 room inn projects to bring in 580K in revenue. Property has 13+ acres and can easily accomodate more cabins.

Owner willing to finance Property with 1.7M Down and owner carry 1.95M@ 3.5% interest

Owner also willing to sell the business at 1.3M and then lease the property for 6K a month on a 2 year lease.

Financial

  • Asking Price: $1,350,000
  • Cash Flow: $275,000
  • Gross Revenue: $450,000
  • EBITDA: N/A
  • FF&E: $250,000
  • Inventory: $50,000
  • Inventory Included: Yes
  • Established: 2004

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:7,500
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Manor House and 4 cabins

Is Support & Training Included:

owner will stay on for a period of time to train new buyer.

Purpose For Selling:

Retiring

Pros and Cons:

Inn currently has fantastic ratings and the business boasts impeccable good will. Owners have worked hard to maintain it's reputation and service the guest in a way fitting of luxurious accommodations.

Opportunities and Growth:

Business is currently being operated Part time as owners have the inn closed on average 190 days a year. Inn has a 95% occupancy rate and has a waiting list. This is a great opportunity for an experienced Inn Keeper or investor that wants to keep the inn open year round. Current owners are semi retired. Property has over 13 acres and there is ample room to add more cabins as needed. Also owners currently live on the property and take up would could easily equate to 2 cabins for themselves. New buyer can increase revenue by offering those rooms and the master/suite as well.

Additional Info

The business was established in 2004, making the business 18 years old.
The sale will include inventory valued at $50,000, which is included in the listing price.

The company has 3 employees and resides in a building with approx. square footage of 7,500 sq ft.
The building is leased by the company for $6,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell companies. Nonetheless, the true factor and the one they tell you might be 2 absolutely different things. As an example, they may claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be justifications to try to hide the reality of changing demographics, increased competitors, current decrease in profits, or a range of other reasons. This is why it is extremely crucial that you not depend completely on a vendor's word, yet instead, make use of the vendor's response together with your overall due diligence. This will repaint a more reasonable image of the business's present situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering items like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that revenue margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be met or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in new consumers? Many times, businesses have repeat clients, which create the core of their everyday revenues. Certain factors such as new competitors sprouting up around the location, road construction, and staff turn over can affect repeat consumers and also adversely influence future incomes. One essential thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the greater the opportunity to construct a returning customer base. A last thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? How might the regional average household income influence future revenue potential?