Business Summary:
Bed & Breakfast, first of its kind in Laurel, MS is for sale for only $229,000. Historic building 100 years old (circa 1907) Owners, a husband & wife team ran this service from two cottages on the grounds of the main house. Most of the patrons were from New Orleans & Jackson & within a 40 mile radius of the property. Guests were mainly anniversary couples & weekend stays. Owners originally did this part-time & never fully intended to provide full-time income (unless rooms in the main house were utilized which would require additional bathrooms, an easy renovation by using the large closet spaces available). Word of mouth about these unique & hospitable accommodations proved sufficient for a steady stream of weekend patrons. Expansion of this bed & breakfast could prove very lucrative if savvy new Owner worked in conjunction with the wedding chapel & large catering facility nearby, the Lauren Rogers Museum of Art & the various tourism groups promoting the area. In order to free up their weekends, the current Owners increased prices to $135.00 per night with a 2 night minimum stay & they still had more than ample business on the small personal scale that they desired. They also had lots of repeat customers. Value of real estate approximately $229,000. Value of Assets $30,000 which include original wall murals. Call now for more details.
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| Year
Business was Established: 1994 |
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| Facilities / Terms of Lease:
Prime location & very easily accessible in Laurel, Mississippi. The property has 3 buildings covering 3,600 sq.ft. Laurel is on Interstate 59. However, Highway 84 also connects Laurel to Natchez, about 180 miles away. Hurricane season often brings precautionary evacuees from the Gulf Coast needing overnight accommodations (about a 2 hours drive). With its oak-lined streets to its lovely turn of the century homes, Laurel is a charming & gracious southern town. Great place to call home! |
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| Potential
Growth/Expansion:
Great potential for expansion. By teaming up with other businesses in the area, this business could become very busy & lucrative with the right person at the helm. |
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| Competition:
Some competition, however this establishment is very unique in comparison to the other bed & breakfast facilities in the area. |
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| Owner
willing to finance:
Owners do not offer financing. |
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| Owner
willing to train:
Owners are prepared to offer some consulting & helpful advice. |
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| Reason for selling:
Owners love the house & property, but now desire to live in rural area. |
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Seller Reference Number: mb821
BusinessMart.com Listing Number: 26225 |
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