The Lafayette Inn
Stanardsville, VA
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The Lafayette Inn is a historic inn and restaurant centrally located in Stanardsville, VA between Culpeper, Charlottesville and Harrisonburg. The area is abound with tourism attractions such as Montpelier, Monticello, Blue Ridge Parkway, and the northern section of the Monticello Wine Trail and Brew Ridge Tour. The proximity to the University of Virginia, James Madison University and the Blue Ridge School provide a steady and stable flow of guests. Stanardsville is a recent recipient of a nearly $1.85 million grant to revitalize the town which will include a new pavilion only three blocks away for a farmers’ market and other outdoor event.
Current owners are selling due to aging parents and personal retirement and is available for immediate possession.
Sale price includes:
-Complete real estate sale including the main building, Annex, and Dicey’s Cottage
-Turn-key Inn business
-Six fully furnished suites including TVs
-Private third floor owner’s quarters
-Future reservation revenue less deposits received
-Turn-key Restaurant business
-All related equipment and furniture
-This includes the POS system, dinnerware, wine glasses, dining room chairs, etc.
-Food and beverage inventory
-Future booking revenue less deposits received
-Multiple dining options – Traditional dining room, patio, courtyard, upper deck, and Tavern
-Extensive website for inn and restaurant
The inn and restaurant have been continuously operated for over 20 years and provide considerable room for growth. The inn is currently only open for 95 days per year on a regular basis and the restaurant is only open on weekends. A full time operation would see a nearly instant increase in revenue. Established within a destination location, there is a highly sustainable business model built into The Lafayette that cannot be matched in most traditional restaurant locations.
As currently operated, the inn revenue historically covers all mortgage obligations allowing the new owner to operate a profitable restaurant from day one without the costly build-out and stress of covering the mortgage payment.
Potential growth opportunities include:
-Sunday through Thursday inn offering
-Family-style dinner service Monday-Thursday
-Coffee and Danish shop during the week
-Informal dining setting
-Catering
Current owners will consider owner financing or a unique option to assume the current mortgage balance with advantageous terms through current bank, all you need is the down payment!
Please contact Stuart Rifkin, (434) 466-9515, with any additional questions or to schedule a showing.
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