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Bed And Breakfast With Real Estate For Sale - Grand Rapids, Michigan, MI - Kent County |
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| PROFILE: Historic Inn/Resort Dates Back To 1901 It Was Established As A Rooming House. |
| Status: |
Available |
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| State: |
Michigan |
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| Location: |
Grand Rapids |
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| County: |
Kent |
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| City: |
Grand Rapids |
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| Primary Category: |
Service Related |
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| Alternate Category: |
None Given |
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| USABizMart Ad #: |
118733 |
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| Seller Or Contact: |
Kathy Mckee |
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| Primary Phone: |
616-975-0172 |
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| Alternate Phone: |
None Given |
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| Email Address: |
See Form Below |
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| Date Ad Started: |
10/9/08 |
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| Date Ad Last Revised: |
10/9/08 |
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| Asking Price: |
$3,200,000 |
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| Down Payment: |
Call/Email |
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| Annual Revenue: |
$500,000 |
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| Annual Adjusted Net: |
$249,000 |
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| Franchise: |
No |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
Yes |
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| Bkr To Bkr Cooperation: |
Call |
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DESCRIPTION: Currently A Bed & Breakfast, This Historic Inn/Resort Dates Back To 1901 When It Was Established As A Rooming House For Loggers Timbering The Old Growth Forest In The Area. The Inn Is Located Just A Few Steps From The Shores Of Lake Michigan (With Public Beach Access) And Has Fourteen Spectacular Rooms, A Heated Outdoor Pool And An Indoor Spa With A Very Large Whirlpool And Sauna. Each Room Is Individually Decorated, Has A Fireplace, Private Bathroom, Digital Cable Television, Has Wireless Access And A View Of The Lake. There Is A Large Meeting Room Located On The Front Of The Inn As Well As A Morning Room Where Breakfast Is Served And Which Is Used As A Gathering Place In The Afternoons And Evenings.
The Inn Has A Truly Beautiful Garden Complete With A Fountain And Waterfall Pond Set In Lush Green Setting. A Complete Bed And Breakfast, The Inn Has Its Own Laundry Service And Housekeeping Area, A Recently Renovated Kitchen And Truly Expansive Owner’s Quarters. Set Amidst Private Cottages The Inn Is A Truly Unique Resort Property. What Makes It Even More Special Than Its Location Is The Long List Of Activities It Offers Its Guests.
Beach Access Is Across The Street, Bicycles Are Available For Exploring, Charter Fishing Is Only Minutes Away, Golf Can Be Played At Two Of The Areas Finest Golf Courses, Sail Boat Charters, Horseback Riding, Cross Country Skiing And Show Shoeing Are All Directly Nearby (In Season) While Shopping And Dining And A World Class Vineyard Are Also Close By. If Antiquing Is Of Interest, One Of The Areas Larges Antique Malls Is Only Three Minutes Away.
Summer Time Activities Include Blueberry And Peach Picking While Fabled Apple Farms Are A True Destination In The Fall Time. Best Of All, The Largest Collection Of Art Galleries In The Midwest Is Located In Saugatuck And Douglas And The Surrounding Countryside.
The Current Owners Have Been In The Hotel And Bed And Breakfast Business For 32 Years And Are Considering Semi-Retirement. The Inn Has Been Extensively Remodeled With Most Mechanical Equipment Less Than Four Years Old. Sales Have Consistently Been In The $500,000 Range With An Average Cash Flow Of $260,000 The Last Two Years. While This Property Makes Sense As A Bed And Breakfast It Also Make Sense To Operate It As A Corporate Retreat, As A Timeshare, Or Even A Private Family Compound. |
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