Secret Garden Bed and Breakfast
Offered for sale at $1,500,000
Destination Location! For the couple/investor who wants to live in a small mountain town in the Heart of Colorado's Rocky Mountains... This is it! It offers 5-bedrooms each with private baths and breath-taking views. The living room, kitchen, and dining room are available for all guests to enjoy. There is an oasis waiting when you step outside. The gated courtyard garden is bursting with vibrant colors that only nature can provide.
On-site owners living quarters are available. Perfect for the family who wants to be 2 blocks from downtown Ouray or the San Juan Mountains.
3 REVENUE SOURCES:
Bed & Breakfast
Wedding Venue-(Beautiful Mountain Backdrop)
Commerical Kitchen-(leased to local caterer)
The pandemic changed everything, "it actually helped us because it made the demand higher for the smaller B&B" says the owner. "We learned that from our guest perspective, the #1 reason they chose Secret Garden is they felt safer being around fewer people". Everyone also loves the large covered deck and beautiful gated courtyard garden which has made it easy for them to naturally distance themselves from others.
This year's revenues doubled from the previous years plus operating expenses were very low because of only having 5 rooms and not needing to hire employees. That is the reason 5 IS THE MAGIC NUMBER!
"The reputation of our business is important to us. Check out our 5-Star Reviews on TripAdvisor plus we are ranked #1 on Google."
This Bed and Breakfast was renovated in 2020 to add baths for each guest room, upgraded interior including paint, new floors, 2 large capacity commercial washer and dryers and all new furnishings and linens.
** Numbers available to qualified Buyer.
A Must see for a great investment!!!
- 5 Guest Rooms
- 5 Guest Room Baths
- Has Owner's Quarters
- Built in 1986
- Last Renovated in 2020
- Opened in 1986
- Building is 4,900 SQFT
- Lot is 0.4 Acres
- Photo Gallery
- Property Website
- Offered for sale at $1,500,000
- Occupancy Rate: 90%
- Average Daily Rate: $200-250
- Annual revenue is $250,000
- Terms: It is currently owner occupied so numbers are based upon 8 months at 100% occupancy and 2-4 months at 60-70% occupancy. Revenue reflects net income. No employees plus the lease from the commercial ki
- Prequalify for Financing