InnShopper > Inns for Sale > Arkansas > Eureka Springs > Rock Cottage Gardens B&B Inn

Rock Cottage Gardens B&B Inn


Eureka Springs, AR   Offered for sale at $750,000
 

Main House residence or rental, 5 private guest cottages, on site wedding chapel on .63 acres in prime visible location on quiet side historic loop 5 minutes from downtown. Main house 2 bdrm, loft, full bath, basement, attic, living room, formal dining room, kitchen with extended prep area. All cottages are bedroom suites with dedicated off street parking, 2 person Jacuzzi's, gas fireplaces, electric heat, AC, cable/WiFi. No kitchen facilities, breakfast served in main house. On site wedding chapel up to 20 guests, garden areas. Historic 1935 motor court converted to B&B 1990 continuously running, highly rated, award winning. Zoned commercial providing flexibility in business operation. Rock facade excellent minimum exterior maintenance, minimal wood maintenance, economic on utility costs. Positive revenue cash flow, self sustaining. We are open 60% of the year by choice (own home in TX) and run an occupancy of 64.9 % with a 45-50% return guest rate and a new first time guest rate at 50-55% representing excellent growth potential for optimum open rate 80% of year.



Property Details
  • 5 Guest Rooms
  • 5 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1935
  • Last Renovated in 2017
  • Opened in 1936
  • Building is 3,965 SQFT
  • Lot is 0.63 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $750,000
  • Occupancy Rate: 64.90
  • Average Daily Rate: 153
  • Annual revenue is $100,000
  • Terms: We are open 60% of year by choice; optimum target would be 80-85% for live in innkeeper residence
  • Prequalify for Inn Financing on this property
Contact Information