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Historic Bed and Breakfast and Banquet Hall Estate Business- SOLD
Buy this attractive piece of the American Dream in a small, historic town in Upstate South Carolina! This historic 6000 square foot...
Historic Bed and Breakfast and Banquet Hall Estate Business SOLD
Reference # 70106 Upstate, South Carolina
Asking Price:
$1,495,000
Gross Income:
$125,000(est)
Cash Flow:
$100,000(est)
Downpayment:
Negotiable
Real Estate Value:
$1,200,000
FF&E:
$200,000(approx)
Inventory:
$0
Business Summary
Buy this attractive piece of the American Dream in a small, historic town in Upstate South Carolina! This historic 6000 square foot mansion was built in 1897 and has been beautifully restored. Included in the estate is a Banquet Hall that will seat 150, a covered patio that overlooks the 6 acres and pond, a 3000 square foot home with attached apartment and a beautiful garden where weddings are performed. The mansion and banquet hall are completely furnished with gorgeous Bernhardt furniture and 170 place settings of Onedia china and silver. The owners have primarily focused on the profitable wedding business.
The retiring owners have decided not to expand the business, but it could easily be grown to over one million dollars in revenue.Their clients are middle to upper income families. All this in a beautiful setting near the Cherokee Foothills with lakes and whitewater rafting and upscale communities nearby. People travel from long distances to enjoy the respite and pastoral setting.
Growth is coming to this small town; high net worth retiring boomers are moving nearby. The owners have done little advertising; most customers come in by word of mouth. The owners are selling so they may retire.
Building & Property
Building:
4 Buildings- 12,000 sq ft on 6 acres
Monthly Rent:
N/A
Real Estate Available:
Included
General Information
Reason for Sale:
Owners Retiring
Franchise:
No
Support/Training-
Negotiable
Hours:
M-S
Year Established:
1997
Financing Provided:
Negotiable
Employees:
FT: 2, PT:1
For complete information about this business for sale in SC:
Empire Business Brokers
864.238.6854
Empire Business Brokers 1361 W. Wade Hampton Blvd, Suite F, PMB #253 Greer, SC 29650 864.241.0606 / Fax 864.751.5121
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