Asking Price: $2,195,000

Gross Revenue: $235,000

Gross Revenue Comments: after taxes

Seller Financing: Seller is looking for conventional financing. I know banks that will lend on this property with 25% down.

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.

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)

Management Training and Support: Owners will train new owners

Reason For Selling: Career change