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Inn Consulting Partners – Innovative Solutions for Current & Future Innkeepers
March 11, 2015 – Sold! Inn Partners is pleased to announce the transfer of the Ash Street Inn of Manchester, New Hampshire from Eric and Darlene Johnston to Margit Eder and Chef Rob Wezwick. Margit and Chef Rob are graduates of Inn Partners’ Seminar for Future Innkeepers held at the Rookwood Inn in September of 2012. Inn Partners represented the Johnstons in the transfer of the Inn.
Inn Partners is excited to present this 5 room Bed & Breakfast for sale in Manchester, New Hampshire. This is the only B&B in the city! Manchester is the economic centerpiece of Northern New England and as such the Inn experiences a very strong midweek business complemented by a repeat weekend clientele.
Occupancy is a very strong 47% with an average daily rate of $157.00. Sales in 2012 were over $163,000 and in 2013 over $144,000.00. Cash flow before debt service, owner compensation and depreciation in 2012 was just over $87,500 and over $72,000 in 2013.
Guests coming to the Inn are able to walk to many activities including minor league hockey, baseball and museums and a concert center. As New Hampshire has the first in the nation Presidential Primary, every four years the Inn has a special bonus where occupancies and ADR jump because of the very active political climate in Manchester.
The Inn is a restored 1885 Victorian with period furnishings in every room. There is an intimate parlor with fireplace for guests to mingle, as well as an outside patio in summer months. There are lovely owners quarters on the property, a bedroom, sitting area, private bath with both a large shower and claw foot soaking tub, 7 galley kitchen – all comprising about 800 square feet of space. There is WIFI throughout the property. Two guest rooms on the first floor have fireplaces. All of the guest rooms are luxurious and have private baths.
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