Since early 2021, the Vermont innkeeping landscape has had a dearth of new B&B inn for-sale listings

that could be characterized as genuine commercial businesses- not “lifestyle” or “hobby” opportunities.

This changed on January 1st,  2023…

The Hearthside Group is pleased to offer this turnkey, operationally successful B&B Inn for sale for the first time in more than a decade.

This inn is an eleven-guest room/suites B&B inn located in a quaint village near the base of one of Vermont’s most important resort destinations and only seven miles from its ski lifts and golf course. The original buildings were built circa 1850-1890, with continued improvements, including physical plant upgrades and new bathrooms, flooring, beds, linens, and other amenities.

There is a wedding barn that was renovated and enhanced two years ago and offers wedding parties undercover seating, with lighting, heaters, and upgraded seating & tables. A small catering kitchen has also been added for ease of serving wedding banquet meals.

Last year’s most significant improvement was the purchase, renovation, and startup of a state-of-the-art day spa facility. An adjacent building purchased in the previous year was completely gutted and reconstructed, offering both men’s and women’s bathrooms, two saunas, exercise equipment, a Peloton Bike, treatment rooms, and a relaxation room. All are tastefully decorated in Vermont style.

Food service includes an extensive morning sideboard with breads, cereals, juices, yogurt, coffee, and tea, and a large selection of chopped fresh fruit. In addition, hot gourmet breakfast dishes are served table side for inn guests with locally sourced ingredients whenever possible.

Several large common areas for guests and very comfortable one-bedroom owner’s quarters exist. The inn’s kitchen has been updated and is highly functional and efficient, with an adjacent laundry area for the inn’s linens.

Other amenities include high-speed internet access, digital cable TV, DVD players, suites with Jacuzzi whirlpool baths, gas fireplaces, and all-day refreshments. The outdoor gardens are amongst the inn’s most attractive features, with outdoor lighting and music to enhance the guest experience.

Revenue and net operating income, along with ADR and occupancy percentages, have all increased significantly over the last few years, with new revenue streams in place to further strengthen profit.

A loyal, long-term staff rounds out the operation.

The inn has enjoyed many positive reviews and press, and its web presence is an outstanding example of everything an inn’s website should include.

Exceptional service is a hallmark of this property.

Financials are available for well-qualified buyers who have filled out a Buyer Data Sheet and a Confidentiality Form.

 Potential purchasers of this property will require significant liquid funds of +/-$650,000.00 

 

Contact Gary Gosselin, Listing Broker, for further information.