InnShopper > Inns for Sale > Pennsylvania > Erie > Spencer House Bed & Breakfast

Spencer House Bed & Breakfast


Erie, PA   Offered for sale at $479,900
 

New lower price and reservations already in place for 2018! THIS IS THE BEST TIME TO BUY YOUR OWN ESTABLISHED, PROFITABLE, AND FINANCIALLY VIABLE BUSINESS! You will have no commute to work and you will live in a mansion that is a historic yet fully updated dream home. The Spencer House is the #1 Bed & Breakfast in Erie, and is a rare gem grossing over $100K in our very busy 9-month season with off-season additional income potential by extending operations during the winter, hosting meetings and showers, etc. Additional 6K gross from year round carriage house loft rental unit or can convert to owner's quarters. We vacation over the winter, but continue to take future reservations by phone and online. We are motivated and priced to sell! YOU ARE PURCHASING REAL ESTATE, GOODWILL, AND FURNITURE AND FIXTURES MAKING THIS TRANSACTION COMPLETELY TURNKEY. Fully licensed and inspected so no hoops to jump through! Recent and ongoing renovations including new windows throughout, new boiler, and on-demand hot water. Excellent return business. Near Presque Isle and all attractions. Off-street private parking lot. Sales package available for qualified person(s). Owner financing available depending on size of down payment. More info available at https://eriebedandbreakfastforsale.weebly.com/

First floor features a front parlor sitting area, over-sized dining room, library, a large kitchen, pantry with washer and dryer. Also on the first floor is a sitting room/private office and rear bedroom used by the owner but which could be converted to another rental unit. The 2nd floor features 1 king suite, 2 queen rooms, and one room with 2 double beds, all with private bathrooms. There is also a sitting area. The 3rd floor features 2 king suites with private bathrooms, and another sitting area. A back room is currently used for storage. Each room has its own controllable radiator and an in-window or freestanding air conditioner.

Catering to both business travelers and vacationers, Erie is one of the few places to have a large lakeside beach (named the 2016 Best Freshwater Beach by USA Today). From Memorial Day to Labor Day, with little B&B competition, the business is booming. This one-of-a-kind property is in excellent condition and ready for a new owner to take the reigns. Additional revenue can be made by staying open over the winter, hosting parties, weddings, and family gatherings. Owners selling to move closer to family.

Sale package available for immediate view at http://eriebedandbreakfastforsale.weebly.com/ and other information and additional pictures can be found on the website spencerhousebandb.com. The owners will be happy to discuss the financials with serious potential buyers.



Property Details
  • 6 Guest Rooms
  • 6 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1876
  • Last Renovated in 2014
  • Opened in 1992
  • Building is 6,450 SQFT
  • Lot is 0.3 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $479,900
  • Occupancy Rate: 51%
  • Average Daily Rate: $129.87
  • Annual revenue is $104,116
  • Terms: Additional $6000 annually from rental apartment in carriage house. Can be owner's quarters, opening up first floor room for additional guest income.
Contact Information