Outstanding Cooperstown B&B
Landmark Inn in Cooperstown, New York, is, flat out, the best opportunity we have in our repertoire. In the last twelve months, sales have been $640,000 with an Average Daily Rate of $251 and Occupancy rate of 62%. This results in cash flow of well over $200,000. The Landmark was considered a bargain at $2,950,000. However, it has been further reduced to $2,699,000.
Cooperstown! For most of us, Cooperstown is synonymous with the Baseball Hall of Fame and indeed visitors to the Hall of Fame are the sugarplums that dance in the heads of Innkeepers in the area. But there is much, much more. The Glimmerglass Opera brings a different clientele to Cooperstown. The Farmer’s Museum and the Fenimore Art Museum add to the flow of visitors, as does Otsego Lake. The celebrated Ommegang Brewery and numerous wineries add to the mix.
TripAdvisor recognizes 30 Bed and Breakfasts in the area, but the Landmark Inn has enjoyed a three year, uninterrupted run as the #1 Bed and Breakfast in Cooperstown. Recently, the named was named one of the Top 25 B&Bs in 2017 by BedandBreakfast.com. The Select Registry Inn is a highly successful business, doubling revenue in three years to over $633,000 with a very healthy ADR of $256. In addition, facilities have benefited from enormous investment since the current owners took over. The long-term, committed staff has been trained to create the best guest experience in Cooperstown.
Frosting on the cake for new owners is a recently constructed, luxurious three bedroom, two bath owner’s home right behind the Inn, giving Innkeepers the sanity-separation needed from any business.
Contact Inn Partners at 877-957-2360 for details or read our latest blog on this world-class Bed and Breakfast.
Photographs courtesy of Jumping Rocks Photography.