Otter Creek Inn
Altoona, WI
Offered for sale at $929,000
Financially viable with great guest reviews. Updated in 2018 and 2020. Classic inn in a perfect setting with every modern amenity. The best of yesterday and today. This B&B has been in business for over 35 years. The six inviting guest rooms all feature gas fireplaces, private ¾ baths and jacuzzi tubs.
Tudor style home with beautiful courtyard, grounds, and trees towering the property. New roof, insulation, beds, mattresses, appliances, and hot water heater. 2 bedroom 1 bath Private staff/owner’s quarters with kitchen and living space. Plus a separate heated 12+ car garage and 2 car maintenance garage.
Effective marketing plan and staff in place. New responsive website with state-of-the-art booking engine and retail shop with highest guest ratings on OTA websites.
Over $220,000 annual revenues with just over $100,000 net operating income. Real estate only valuation approximately $786,000. Sold turnkey with training.
Property Details- 6 Guest Rooms
- 6 Guest Room Baths
- Has Owner's Quarters
- Built in 1920
- Last Renovated in 2020
- Opened in 1987
- Building is 6,848 SQFT
- Lot is 1.02 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $929,000
- Occupancy Rate: 72.6
- Average Daily Rate: 141.50
- Annual revenue is $225,000
- Terms: Will pay up to $20,000 commission. Must sign a non disclosure form for additional financial information. Must sign non compete form in Eau Claire County. Personal furnishings and items in living qua
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