Bed & Breakfast - Galveston Island

Asking Price$1,750,000

Gross Revenue
$525,600

Net Operating Income$199,673

FF&E$200,000
Included in asking price
Building Sq. Ft.6462

Price per Sq. Ft.Not Disclosed

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Bed & Breakfast - Galveston Island


Asking Price$1,750,000

Gross Revenue
$525,600

Net Operating Income$199,673

FF&E$200,000
Included in asking price
Building Sq. Ft.6462

Price per Sq. Ft.Not Disclosed


Seller Financing Available
Property Description
Best B & B in Galveston
This is a historic property located just a few blocks from downtown Galveston and the cruse lines. All the rooms have modern amenities, but the expanse of the estate– with the lush green landscape and gazebo–provides the feel for living here in the late 1800s. This bed & breakfast was established in 2021 and has been ranked as the top Bed & Breakfast in the Galveston area. The property consist of a two story main house with 5 bedrooms, dining room, bar, and full kitchen. In addition, there are two guest houses with two levels each level having a bed room, living area, and kitchen. There is a total of 9 guest rooms. The average rental rate is $300 per night with an occupancy of 50% to 60% year around. Breakfast is included in the rental rate. Guests also have the opportunity to have lunch and diner in style with gourmet meals prepared by a resident chef and have a drink in the cozy and elegant bar.

Sources of income include room rentals, fees for lunch & dinner, parking of vehicles, transportation from the airports and to and from the cruse ships, and special events such as weddings, birthday parties, and corporate events. Approximately 70% of the guest come to stay before or after being on one of the many cruse ships at the Port of Galveston, where guest can park their vehicles and be driven to and from the cruse ships.
About the Property
Type
Other Business Real Estate
Building Status
Established
Facilities & Assets
This is a historic property located just a few blocks from downtown Galveston and the cruse lines. All the rooms have modern amenities, but the expanse of the estate– with the lush green landscape and gazebo–provides the feel for living here in the late 1800s. This bed & breakfast was established in 2021 and has been ranked as the top Bed & Breakfast in the Galveston area. The property consist of a two story main house with 5 bedrooms, dining room, bar, and full kitchen. In addition, there are two guest houses with two levels each level having a bed r
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
Meets SBA financing requirements
Listing Info
ID:
2342437
Listing Views:
4844

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Property Listed by: Jeffrey Jones Advanced Business Brokers, Inc.

Listing ID: 2342437 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.