The Pirate Haus Inn. Awesome location in busy town


St Augustine, FL   Offered for sale at $100,000
 


Please schedule a stop by, i am more than happy to talk about the business and give you a walk around and go over possibilities, zoning etc. The couple who owned it back in 2003 invited me to work here as a volunteer for 2 weeks to be sure that it was really what I wanted to do. I can offer the same to any aspiring innkeeper. Or you can hire a manager, but again, you have to hire the right person.

St. Augustine is the nation's oldest city founded in 1565. With a historic fort overlooking Matanzas Bay, a lighthouse, and old colonial and victorian houses, St. Augustine also boasts a top rated ampitheater with acts such as the Moody Blues, Ringo Starr etc. as well as a long pedestrian street filled with shops, bars and restaurants. St. Augustine is a top destination for weekend getaways from Orlando, Miami, Tampa, and Jacksonville as well as the rest of Florida. International guests abound as well. Our staff has always been all volunteer (tips) which helps to keep costs down enabling us to have the lowest rate in the historic district. All rooms are themed and have new king size beds, fridges, ceiling fans etc. The inn is centrally cooled and heated and equipped with Nest thermometers and Nest video surveillance. I bought the business 17 years ago and built it up to what it is today. Check out our reviews on Google, Yelp, Trip Advisor etc.

The business can definitely go farther, but I want to see the world (after the pandemic.) If you have extra cash, upgrade the bathrooms in Room 6 and 11 (owner may help), then raise the rates. There is room for it in the market, the Hilton across the street charges $25 for parking, we charge $10. There are two rooms which do not have a bathroom ensuite, one is the staff quarters and the other adjoins a larger room so there is the possibility of turning it into a suite for more $ or another owner's/manager's quarters. You can ditch the family theme all together for more profit and less hassle (bunk beds take up space, and infants cry loudly at night).
Landlord is very reasonable, reduced the rent by 50% during first 3 months of COVID and is willing to reduce again until business recovers fully. June and July were good months! Owners/Manager's room next to the office. Ideal for a younger owner 30-50 with energy and ideas to take it to the next level. The inn comes fully furnished and turnkey. Training by current owner is available upon request.
At one time I had offered financing, however I've decided against that, as I want a good clean break, not have to worry about having to cut my travel short in order to return to innkeeping.

Not in a huge hurry to sell. I may keep at it until 2021.



Property Details
  • 7 Guest Rooms
  • 7 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1920
  • Last Renovated in 2010
  • Opened in 1989
  • Building is 4,140 SQFT
  • Lot is 0 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $100,000
  • Occupancy Rate: 77
  • Average Daily Rate: 92.62
  • Annual revenue is $208,000
  • Terms: May be willing to finance with 75% down.
Contact Information