Business Overview

Originally constructed in 1836, this 11,000 square foot Mansion sits on a beautiful 3+ acre setting in a Metro Atlanta suburb. There are 11 guest rooms and accommodations for the Innkeeper. There is a full time innkeeper and 6 part time employees.
The B&B has won numerous awards, and has been featured in several Movies and Television Shows. It’s easy access to the Atlanta Airport has helped attract visitors from all over the Globe. The facility is capable of hosting events up to 200 guests.
The $5,900,000 prices includes the Real Estate and the Business. This is truly a turnkey opportunity, and it will not be available for long.

Financial

  • Asking Price: $5,900,000
  • Cash Flow: $756,792
  • Gross Revenue: $1,181,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:11,000
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The 11,000 square foot building sits on 3+ acres and offers 11 guest rooms, and a room for the innkeeper.

Is Support & Training Included:

The Seller currently operates this business as an absentee owner. They will agree to a reasonable training and transition.

Purpose For Selling:

The Seller owns multiple businesses, and is willing to divest this business.

Pros and Cons:

This B&B has NO competition as there is nothing like this in the area.

Opportunities and Growth:

The revenue could be increased by expanding the historic tours, adding a gift shop with branded merchandise, and increasing the number of weddings, and events.

Additional Info

The company has 1 FT & 6 PT employees and is situated in a building with disclosed square footage of 11,000 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell operating businesses. Nevertheless, the true reason vs the one they say to you may be 2 completely different things. For instance, they might state "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competitors, current decrease in earnings, or an array of various other factors. This is why it is extremely crucial that you not count entirely on a seller's word, however rather, make use of the seller's response along with your overall due diligence. This will repaint an extra reasonable image of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover items such as stock, payroll, accounts payable, etc. Remember that sometimes this can indicate that revenue margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be met or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area draw in new consumers? Most times, businesses have repeat consumers, which develop the core of their daily profits. Certain variables such as new competition growing up around the area, road building and construction, and also staff turn over can affect repeat customers and also adversely impact future profits. One important point to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business regularly, the higher the possibility to develop a returning customer base. A last thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? How might the local mean home earnings influence future earnings potential?