The Inn on the Green
There is no better location for a Vermont inn than this vibrant college community where abundant recreational and cultural opportunities enhance the lifestyle of the innkeeper/owner.
In operation since 1997, this is a business that began with the renovation of an early 19th-century private residence into a bed and breakfast inn. Now with twelve guest rooms, each has a private bath, Eero Wifi, Roku Smart televisions, updated furnishings, and many other upgrades and improvements since 2018.
The business has done extremely well despite COVID and has made a very successful transition to a “Simple, Comfortable & Independent” way to stay offering self-check-in with keyless entry allowing guests the independence to arrive and depart on their own schedule.
A well-trained staff is present each morning and supports the guest’s experience with daily housekeeping, breakfast options, and availability at all times via text messaging. These same guests enjoy walking distance proximity to shops, restaurants, the college, and a theater.
Annual occupancies surpassed 55% in 2019 and remained strong during 2020/COVID with a 43.7% rate and 42% YTD through July in 2021. The business is poised to return to pre-COVID levels and more as 2021 progresses.
While there are currently no owner’s quarters on-site, the current owners have planned and have a State permit for either additional rooms or expanded owner’s quarters on the third floor that could be developed. The current and previous 2 owners have all enjoyed living off property while in the Middlebury community.
Impressive financials and a prime location make this an attractive investment opportunity. This turnkey and beautifully maintained inn is offered for $1,370,000.00~ a wonderful value in today’s marketplace.
Buyers will need to provide financial qualifications prior to receiving financial information or arranging an in-person showing.
View the complete marketing package here: The Inn on the Green
Contact Gary Gosselin (802) 238.2121 or e-mail firstname.lastname@example.org to learn more about this opportunity.