Very Profitable Historic Inn, Downtown Natchez, Mississippi

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Antebellum Mansion with Great Reputation among Travelers
Asking Price:
$1,599,000

Gross Revenue:
$750,000
Cash Flow:
$250,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$200,000
included in asking price

Real Estate:
$1,000,000
included in asking price

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Business Description

Circa 1840 Mansion has most central location in town according to booking.com, expedia.com, etc. The hotel consistently receives outstanding reviews from guests and has high rankings on major booking sites. This is your chance to own an antebellum mansion housing an ongoing business that presently generates enough income to pay for itself and more.

About the Business

Location:
Natchez, Mississippi
Year Established:
1983
Number of Employees:
15
Home Based:
Yes
Real Estate:
Owned
Building Sq. Ft.:
12,000
Facilities:
Mansion consists of 16 guestrooms, all with private bath, a dining room, bar, commercial kitchen, huge porches, two courtyards, multiple seating areas, laundry, and owners apartment.
Website:
guesthouseinnatchez.com
Market Outlook/
Competition:
Natchez, Mississippi is the oldest permanent settlement on the Mississippi River with an unmatched collection of Antebellum Mansions. A popular stop on the Blues trail from Nashville to New Orleans and the southern end of the Natchez Trace Parkway, Natchez is a popular destination for local, regional, continental, and international travelers. Natchez has many hotel and BnB offerings with our property uniquely situated as the largest antebellum hotel downtown.
Growth & Expansion:
Present owners have seen better than 50% increase in revenue over prior year. Plenty of opportunity for growth remains through continued gain in market share, price adjustments, and growing additional revenue sources such as bar, restaurant, and property management services.
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About the Sale

Reason For Selling:
Find right owner to carry on improvements put in place
Training/Support:
Owner offers to stay on for 31 days to assist with transition
Seller Financing:
30% down with balance at 6.99% amortized over 20 years; 3 year balloon

Listing Info

Keywords:
Bed and breakfast, bed and breakfast, b&b, BnB, inn, hotel, hospitality, restaurant, successful
ID:
1455068
Ad Detail Views:
0

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Business Listed by
Sean Casey

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