InnShopper > Inns for Sale > South Dakota > Deadwood > 1899 Inn

1899 Inn


Deadwood, SD   Offered for sale at $765,000
 

Since it was established five years ago, the 1899 Inn has grown to become one of the best-reviewed B&Bs in the Dakotas. It's also the only Victorian bed-and-breakfast in the Black Hills town of Deadwood, a National Historic Landmark and tourist town with legalized gaming and five surrounding National Park sites. Last year it was mentioned in travel articles in Readers Digest, Men's Health, and 605 Magazine. Upon escaping the Westboro Baptist Church, Megan Phelps-Roper stayed at the Inn for several months. Parts of her forthcoming memoir "Unfollow" were written here.

The 4,000 square-foot house has seven bedrooms, five bathrooms, and expansion plans that could double gross sales in two years. All rooms have views of the surrounding mountains and national forest. The property has modern, updated rooms decorated in a blend of antiques and contemporary furnishings. Foundation, porches, and plumbing were overhauled in 2010. All five bathrooms have been updated in the last five years. Third floor was renovated in 2016, the kitchen was renovated in 2017, roof was replaced in 2019, and maintenance is up-to-date. The grounds are modest, but include flower gardens, established grape vines, and a raspberry bush.

The bed-and-breakfast business is completely turnkey, with all assets (including furnishings and future reservations) included in the sale, and an existing staff. EBITDA for 2018 was $80k, and gross sales were $129k. Numbers for 2019 are up approximately 20% year-to-date. The business can be scaled to become a ten-room property and opened during the off-season to further grow those figures. The property contributes to the National Historic Landmark district, which means it's automatically on the national register; it's eligible for a wide range of grants provided by the City of Deadwood for the maintenance of historic properties.



Property Details
  • 5 Guest Rooms
  • 4 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1899
  • Last Renovated in 2019
  • Opened in 2012
  • Building is 4,000 SQFT
  • Lot is 0.2 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $765,000
  • Occupancy Rate: 58
  • Average Daily Rate: 149
  • Annual revenue is $129,000
Contact Information