InnShopper > Inns for Sale > Florida > Flagler Beach > Island Cottage Oceanfront Boutique Inn

Island Cottage Oceanfront Boutique Inn


Flagler Beach, FL   Offered for sale at $1,995,000
 

OCEANFRONT, w/ Private Beach, two Dune Walkovers & Swimming Pool. Built in 2001, this boutique style Inn has 9 guest rooms, each w/ separate entrances for ultimate privacy.
ROOMS:
--1-Living room, Fireplace, Full Kitchen, dishwasher, bath w/ Jacuzzi, King bedroom.
--2-Full Kitchen, Fireplace, bath w/ Jacuzzi, King bed, Balcony.
--3-Fireplace, Jacuzzi for Two, separate shower-bath, Kitchenette, King Canopy bed, Ocean View.
--4-Fireplace, Sitting area, King bed, Shower-bath & Deck.
--5-King bed, Kitchenette, Marble tub/shower & Deck.
--6-Fireplace, Jacuzzi for Two, separate shower-bath, Kitchenette, King Canopy bed, Balcony w/ Ocean View, private Laundry room.
--7-Oceanfront 1st fl Honeymoon Suite, King bed, Sitting area, Kitchenette, Bath w/Jacuzzi for Two, Private Oceanfront Patio, private Laundry area.
--8-Oceanfront 2nd fl Honeymoon Suite, King bed, Sitting area, Fireplace, Kitchenette, Bath w/Jacuzzi for Two, Duel Sinks & Separate Shower, Juliet Balcony, private Laundry area
--9-Off-Line / used for owner's personal storage

INN ALSO OFFERS:
Spacious Owners Quarters: 1 bedroom, Living room, Fireplace, Ocean View, Florida room, Dining area, Full Kitchen, large bath w/ Jacuzzi for two & separate Shower PLUS Garage & Laundry. A 2nd room & full shower bath is currently set up for individual massage services but can be used as a 2nd bedroom & bath for owner's quarters.
PLUS - Separate 1000+ sq', Air Conditioned owner's shop & 2nd laundry room offering room to grow.
PLUS - Property offers 13 off-street parking spaces (12 for guests & 1 dedicated space for owner).
PLUS - Cozy Lobby area for checking in guests
PLUS - Separate Cafe building w/ Fireplace, 1/2 bath & Pavilion IDEAL for wedding receptions & casual parties up to 50 people and for Open Air Couple's Spa Services side-by-side.

-----Semi-retired owners operate the Inn 150 days / year w/ varied interests occupying their time during the remaining days.
-----Owner's 2005 & 2006 revenue ($297,000) was based on their originally licensed 5 rooms.
-----In 2007, in anticipation of one day selling their Inn, owners converted much of their living area to guest rooms & then applied to have their license increased
-----In late 2007, a state representative came to the Inn to do a thorough inspection. Owner's request for added rooms was granted in 2008.
-----Owners now operate 8 units. 9th unit is currently being used for owner's personal storage.
-----Island Cottage became a Select Registry & Diamond Collection property in 2007
-----In 2013, Owners stopped ALL advertising.
-----New owners can greatly increase revenues through OTA's such as Expedia, Booking.com, Travelocity, etc., by re-applying to Select Registry, … AND by offering ALL 9 ROOMS to the public year round!
-----On-line Room Furniture is included in full price. EXCEPTIONS: Books, wind-spinner, all original artwork & prints, cafe inventory including small-wares, lighted cabinets & piano, & items in owner's quarters, St Barts storage room & rear workshop not included. Bedframe & night stands in Aruba and Couch & Love Seat in Bahamas to be replaced.

AWARDS:
*Superior Small Inns White Glove Award
*Best Hidden Gem in the U.S. - Trip Advisor
*One of Top 10 most romantic Properties in the U.S. - Trip Advisor
*One of Top 10 most Romantic Inns in the World - B&B.com
*Certificate of Excellence 11 years in a row - Trip Advisor
LICENSES:
*** Full Restaurant License allows Café to be open to the public if desired. (30 seats)
*** Currently Licensed for Beer & Wine
*** Full Massage License allows you to be opened to the public if desired.
*** Full Cosmetology License allows you to be opened to the public if desired.
*** Commercial Pool fully licensed & inspected.

An unbelievable, Mint Condition, TURNKEY lifestyle property w/ a rare, Oceanfront Location & a pristine, private beach



Property Details
  • 9 Guest Rooms
  • 10 Guest Room Baths
  • Has Owner's Quarters
  • Built in 2001
  • Last Renovated in 2016
  • Opened in 2002
  • Building is 6,975 SQFT
  • Lot is 0.5 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $1,995,000
  • Occupancy Rate: *See below
  • Average Daily Rate: $200 / night
  • Terms: *Owners are semi-retired with Inn opened an average of 150 days per year with current income: $150K (from 8 rooms). In 2005 & 2006, revenue based on 5 rooms only was $297K.
Contact Information