Chincoteague Bed & Breakfast

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Asking Price:
$825,000

Gross Revenue:
$232,589
Cash Flow:
$103,477
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Welcome to the Chincoteague National Wildlife Refuge and Assateague Island National Seashore on Virginia's eastern shore with 37 miles of unspoiled beaches, the most in Eastern US. A special place on the Delmarva (Delaware, Maryland, and Virginia ) Peninsula that is a favorite destination of the Philadelphia, New York City, Baltimore and DC markets to the north and the Norfolk, VA metro markets from the south.

About the Business

Real Estate:
Owned
Facilities:
Two buildings on two separately deeded parcels for a total of 1.5+/- acres. Two sitting rooms with fireplaces, dining room that seats 18-20 people. 24/7 snack bar for guests. Brick patio/courtyard with a fountain. Eight sleeping rooms plus one Royal Suite, all with private baths and wifi throughout the buildings.
Website:
hearthsidegroup.com/listings/island-manor-house/
Market Outlook/
Competition:
Great location: A convenient byway stop on the Delmarva Peninsula heading towards the Chesapeake Bay/Bridge Tunnel
*Small weddings a specialty
* A variety of outdoor activities and attractions nearby
Growth & Expansion:
Located on the eastern shore, more and more people are avoiding the I 95 corridor and driving down through the Delmarva Peninsula. This increase in traffic has provided an increase in business for those conveniently located along this corridor. With focused marketing efforts, this presents a great opportunity to showcase Chincoteague as the quality destination that it is providing increased cash flow for your business.
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Listing Info

ID:
1569083
Ad Detail Views:
46

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Business Listed by

Tim Piper

Hearthside Group

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U.S. Census Data for Accomack County, VA
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Accomack County, VA
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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