Historic Downtown Elkader Bed & Breakfast and Retail Operation

This turnkey hospitality and retail business occupies a completely remodeled 7,526 square foot historic building on a prominent corner in downtown Elkader's historic district, adjacent to the Historic Opera House. Established in 2021, the property uniquely combines accommodation and retail operations under one roof.

Business Overview:
The operation features four short-term overnight suites on the second floor, functioning as the area's only true bed and breakfast. The first floor houses a cafe/coffee shop with retail space specializing in outdoor gear, creating multiple revenue streams from hospitality, food service, and retail sales.

Property Features:
- Prime corner location with high visibility
- Completely renovated historic building with all new utilities
- Two separate entrances to retail space with potential for third entrance
- Independent entrance and emergency exit for upstairs accommodation
- All furnishings, linens, towels, and kitchenware included for suites
- Two operating websites included in sale
- First floor cafe equipment negotiable

Growth Potential:
Significant expansion opportunities exist with the flexible first floor layout that could accommodate up to three separate retail or office storefronts. The current mixed-use model provides proven income diversification, while the unique combination of hospitality and retail creates competitive advantages in the local market.

Financial Details:
- Asking Price: $548,000 (includes real estate)
- FF&E: $30,000
- Inventory Value: $20,000
- Building owned by seller, included in transaction

The seller provides 30 days of operational training to ensure smooth transition. This represents a rare opportunity to acquire an established hospitality business in Iowa's historic tourism corridor with immediate income potential and significant expansion possibilities.

Seller motivated due to health considerations. Serious inquiries require pre-qualification and NDA for financial review.