For many travelers, the perfect bed and breakfast is one that is in a quiet, secluded, and almost magical location, ...Read More »
Inn Consulting Partners Bill Oates and Heide Bredfeldt.
For the discriminating, (and, yes, affluent) future Innkeeper/owner, this offering may provide the necessary ingredients. The Inn is situated on the ocean in north Florida’s premier destination coastal resort, with 178 feet of sandy beach frontage. Among the neighbors are three resorts, including a Ritz-Carlton.
The Inn is a purpose built 25 room facility. An 76% occupancy rate and an average rate of $242, make this a highly profitable business. Substantial additional income is generated through rentals of third party houses and condominiums in the area.
Current owners live nearby and keep an eye on the business. They have several other business interests and as a result, the Inn is fully staffed for operations without a hands-on owner.
Quite logically, the real estate value of this Inn is high. However, unlike many Inns in high value real estate locations, the cash flow from the business operations supports our Valuation of the property at $7,250,000.00. If you are qualified, we will be happy to show you. Funds in the $1,500,000.00 should be sufficient. This Inn would also be an excellent candidate for a 1031 exchange.
178’ ocean frontage with full beach access
Dedicated meeting room
Photo Credits: Jumping Rocks
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