Avon-by-the-Sea, NJ Bed & Breakfast - Steps to Ocean!
| Asking Price: | $2,195,000 | Inventory: | |
| Gross Revenue: | $235,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price |
| Gross Revenue Comments: after taxes |
Lovely 3-story seashore colonial building just two houses from beach & ocean -- this 14Bedroom/13.5 bath bed & breakfast has a high repeat clientele which stands to reason given its elegance, fantastic beach location (65 miles from New York City) and the great seashore town of Avon-by-the-Sea which is 10 minutes north of Spring Lake. A wide wraparound porch is a great place for warm weather breakfasts & relaxing; oceanviews and breezes are a feature of 10 of the guest rooms. Large public rooms with high ceilings, columns, wood floors and a gas fireplace add to the overall gracious feel of the inn. Individual theme rooms, some with fireplaces, a sitting room and a jacuzzi, are spacious and most rooms have a private bath. There is a 2-bedroom owners' apt. with great room and private deck. The town has some interesting restaurants on the main street and on the boardwalk, which is a great place for walking anytime of the year.
About the Business
Year Established:1991
Employees:2 full time - 3 part time
Facilities:Living room with gas fireplace, Dining room, kitchen, owners' apartment
Market Outlook and Competition:Only property in town for sale -- 2 other inns in this town (not for sale)
About the Sale
Reason For Selling:Career change
Seller Financing:Seller is looking for conventional financing. I know banks that will lend on this property with 25% down.
KEYWORDS: Bed & Breakfast Atlantic Ocean New Jersey Shore New Jersey Oceanfront Town 65 Miles to New York City Good Repeat Clientele
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