inn of the shenandoah for sale: $599,000 138 e main street ...€¦ · crystal chandeliers, stain...

InnoftheShenandoahForSale:$599,000138EMainStreet,Luray,VA22835www.innoftheshenandoah.com

TheInnoftheShenandoahisasuccessfulbedandbreakfastforsaleintheheartoftheShenandoahValleyatthebaseoftheBlueRidgeMountainsinLuray,Virginia.Comprisedoftwoadjoiningtaxlots,theInnisalovinglyrestored,historicVictorianmasterpiecewithaccompanyingFrenchfarmhousecottage.Withsteady6-figurerevenuefromthelodgingbusiness,thisisaterrificopportunityforanaspiringinnkeeperorrestaurateur.

TheInnhas5luxurysuitesand5.5bathroomsinall.WithuniqueEuropeanflair,theInnfeaturesthreespaciousguestsuiteseachwithcrystalchandeliers,stainglasswindows,alargeensuitebathroom,spatub,electricfireplace,refrigerator,flatscreenTV,andprivatebalcony.InthecottagebehindtheInn,therearetwoadditionalsuitesfurnishedwithspatubs,kitchenettes,separatesittingareas,flatscreenTVs,andprivatedecks.Alarge,fullyequippedcommercialkitchen,bar,andnumerousdiningroomsoffertantalizingpossibilitiesbeyondthewell-establishedandsuccessfullodgingbusiness.Plus,withtwoacresoflandandbeautifulgardens,theInnistheperfectsettingforweddingsandspecialevents.Romanticswillfallinlovewiththisuniqueproperty,whilerealistswillthrillatthefinancialprospectsfortheirinvestment.Lodgingsalesareinsixfiguresandaverageoccupancytops30%.TheInnhasoperatedarestaurantandbarinthepast(earningover$300,000ayear)andnewownershavemanyoptionsforfood&beverageservice,ifdesired.

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BusinessInfoAskingPrice:$599,000RealEstate(assessedvalue):$554,200ADR(AverageDailyRate):$170AverageOccupancy:35%FFE:IncludedTheInnhasseensteadygrowthinrevenueeachyear,butthereisplentyofopportunityforadditionalgrowth.Openingarestaurantorwinebar,hostingweddingsandspecialevents,and/orofferingpackageservicessuchasmassagetreatmentsorchocolatesandflowerswouldbeagreatwaytoexpand.Ashiftinmarketingandusingadditionalonlineplatformsandresourcescouldalsoexpeditegrowth.ThestrengthoftheShenandoahValleyasatraveldestinationiswellestablishedandGreaterNorthernVirginia’sexcellentdemographicspointtohigheroccupancyratesinthefuture.ServingasagatewaytoShenandoahNationalPark,Lurayisknownforspectacularviews,outdooradventure,andromanticescapes.LocationiskeyandtheInnisalandmarkpropertyonMainStreetwithquaintshopsandrestaurantswithinwalkingdistancenearby.Popularattractionsarewithineasydistance,includingLurayCaverns,ShenandoahNationalPark,awardwinningwineries,rivercanoeing,hiking,swimming,horsebackriding,andotheroutdooractivities.Situatedjust90milesfromWashington,DCand60milesfromCharlottesville,VA,theInnisafavoriteforweekendgetawayguests.Itisalsojust30minutesfromthebusyskiresort,Massanutten.Thelistingincludesthemainfacilitywith3luxurysuites,commercialkitchen,entertaining/diningspace,separatetwo-apartmentcottage,twoacresoflandandthevalueofthebusinessincludingfurniture,fixtures,equipment,website,customerdatabase,andownertraining.UsefulLinksZillow.comListingBethenextPatrickO’Connell(MichelinratedInnatLittleWashington,30minutesaway)NorthernVirginiaDemographics(metroDCisoneofcountry’smosteconomicallysuccessfulregions,4thlargesteconomyinthecountry,andhometomoreFortune500companiesthananyotherregioninUS)Regionalresources:LocalChamberofCommerceVisitShenandoahShenandoahValleyBusinessNetworkLurayDowntownInitiativeVirginiaTourismCorporation