Active
Bed & Breakfast - Galveston
This is a historic property located just a few blocks from downtown Galveston and the cruse lines. All the rooms have modern amenities, but the expanse of the estate– with the lush green landscape and gazebo–provides the feel for living here in the late 1800s. This bed & breakfast was established in 2021 and has been ranked as the top Bed & Breakfast in the Galveston area. The property consist of a two story main house with 5 bedrooms, dining room, bar, and full kitchen. In addition, there are two guest houses with two levels each level having a bed room, living area, and kitchen. There is a total of 9 guest rooms. The average rental rate is $300 per night with an occupancy of 50% to 60% year around. Breakfast is included in the rental rate. Guests also have the opportunity to have lunch and diner in style with gourmet meals prepared by a resident chef and have a drink in the cozy and elegant bar.
Sources of income include room rentals, fees for lunch & dinner, parking of vehicles, transportation from the airports and to and from the cruse ships, and special events such as weddings, birthday parties, and corporate events. Approximately 70% of the guest come to stay before or after being on one of the many cruse ships at the Port of Galveston, where guest can park their vehicles and be driven to and from the cruse ships.
Listed By: Jeffrey Jones
Background information
Reference:
82532
Year established:
Opened for business in 11-2021
Reason selling:
Has other business investments.
Finance
Sales:
$525,600
Profits:
$199,673
Profit type:
Free Cash Flow
Operations
Employees:
In addition to the Husband and wife there is a full-time chef, house keeper, and part-time driver.
Equipment:
All rooms are fully furnished.
Inventory:
Food and Beverage $8,000
Premises
Facility:
The main house has 5 bedrooms, dining room, bar area, and full kitchen. The two guest houses are two story with each level having 1 bedroom, living room, and kitchen.
Square footage:
Land Area 19,320 Sq. Ft. & 3 Bldgs 6,462 Sq. Ft.
Location:
Galveston
Opportunities
Market:
Ranked as the best Bed & Breakfast in the Galveston area.
Price and terms
Price:
$2,300,000
Down payment:
$460,000
Financing:
The business and property meet the requirements for a SBA loan.
Training:
As needed