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Listing Number: 3702

Hotel/Lodging Business for sale in Hartford County, Connecticut | Buy a business

Business: Hotel/Lodging, Casinos nearby! Business for Sale
County, State: Hartford County, Connecticut
Business Type: Hotel/Motel & Other Lodging, Business with Property Available, Other Eating & Drinking Places

Summary Description

7,000 sq. ft. mansion, Bed & Breakfast in quiet, peaceful town. Designed and built in 1788, today, the B&B has been newly restored and refurbished and retains many original elements. Outside, sandstone steps stand beside the road that once served long-skirted ladies as they entered waiting carriages. Inside, the floor plan remains intact. There are 13 fireplaces, including one in the basement. Two rooms on the upper floor have wallpaper that has been on the walls since before George Washington was president. It is rumored that the B&B, a stop on the Underground Railroad, also has a yet-to-be-discovered tunnel that was used to conceal the movement of slaves as they made their way to freedom. Seven guestrooms, including three two-bedroom suites, grace the Inn and are decorated with antiques. Each room features the conveniences of a private bath, private phone, cable television, air conditioning, and wireless Internet access, and all but one boast the warmth of a fireplace. Breakfast is served each morning in the Keeping Room, providing guests with continental fare on weekdays and a more leisurely full breakfast on weekends. Close to Hartford and Springfield, the Inn proves an ideal stay for both business and leisure travelers. Explore the historic district in which the B&B is located, then visit the banks of the Connecticut River, less than a mile away. Nearby, you will find the Mark Twain House and Elizabeth Park, as well as local shops and restaurants. It is 45 minutes to both Mohegan Sun and Foxwoods Casinos. Treat yourself to the relaxing, homelike setting of this Inn. SOME KEY POINTS TO CONSIDER: 1.) Excellent source for tax write-offs (ideal for high-income professionals, medical, attorney, etc.), 2.) RESIDENTIAL financing - no need to go commercial loan route, 3.) ALL RENOVATIONS are recent, only routine maintenance required, 4.) 1 acre property with 3 buildings, 5.) ONLY 5 owners in 217+ years, 6.) 13 fireplaces, 7.) 100% OCCUPANCY and 8.) a full 4 page inventory list that includes most everything you will see in each suite. CORPORATE HOUSING is main occupant, with the fall season in high demand by B&B leisure travelers.

About the Sale

Asking price: $699,000 (USD)

Total Revenues: $55,000 (USD)

Cash Flow: $14,250 (USD)

Financing: $699,000 down and RESIDENTIAL FINANCING AVAILABLE

Reason Selling: other interests

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.