Business To Buy

Bed and Breakfast Style Hotel in the Allegheny Mountains

Warm Springs, Virginia
Must See - This Bed and Breakfast style hotel and restaurant located in the historic heart of the Allegheny Mountains. This beautiful property features six beautiful, fully furnished historic buildings totaling approximately 15,000 square feet on 1.85 acres located directly across the street from the Jefferson Pools and minutes from the Homestead Resort. The buildings date back to the year 1802 and once served as the courthouse and jail for Bath County. The hotel and restaurant are perfectly located to host the number one business category for the county, tourism. The buildings have been refurbished and offer buyers more potential than ever for the future. The absentee owners do not operate the property consistently throughout the year leaving tremendous potential especially with the restaurant and event catering market.
The six buildings consist of:
Main Building – 5 guest rooms, 3.5 bathrooms, a professional kitchen, dining area and two apartments which could be used as guest suites, manager’s apartment, etc. This building was the Old Courthouse built in 1802. The first floor offers beautiful public gathering space with high ceilings, hardwood floors and detailed architecture. Featuring a grand lobby, main dining room and sun room. The professional kitchen can be used more efficiently by adding catering, events, and offering consistent days and hours for the dining room. The Pub seats 18 and features the original Clerk’s safe behind the bar. The Sun Porch has seating for 20 and offers fantastic views of the historic pools.
Three Hotel Buildings – Three buildings with newly renovated guest rooms and private bathrooms. Included in these are two three-bedroom suites.
The Spring House – Originally built in the early 1800’s, this building fronts the property with a long porch that runs parallel to the main building. This historic building was centered around the Clerk of Court Quarters.
The Jefferson House – This two-story Old Jail build in 1842 features wide wrap-around porches on the front and side of the building with magnificent views.
The Carriage House – Build in the 1950’s to serve travelers following World War II. Features a 5 space garage used currently for storage.
Laundry Building with Housekeeping Storage
6th Building perfectly set up to function as a service kitchen for outdoor events, sauna, game room, etc.

In addition to the buildings, the huge, flat yard provides a perfect venue for concerts, events and outside dining around the Jefferson House. Over the past three years, an incredible amount of work has gone into the property to make it look and function as it does today. If you are interested in a hotel, inn or bed and breakfast, this is a MUST see opportunity.

For more information on this business, please contact Chris Settelen with Advanced Business Brokerage at (757) 967-7249 or by e-mail at Settelen@advancedbusinessbrokerage.com. More importantly, go see this property. You will be happy you did!

Financials

Price: $925,000
Gross Income: $0
Cash Flow: $0
FFE: $0
Inventory: $0
Real Estate Value: $0

About the Business

Office Reference ID: #1520
Year Established: 1974
Financing: Owner Financing Possible
Training:
Facilities:
Competition:
Growth:
Business Listed By
Name: Frank Chebalo, CBI, ABI, CMSBB, CBC
Company: Advanced Business Brokerage
Phone: 757-967-7249

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Business Listings by: Frank Chebalo, CBI, ABI, CMSBB, CBC

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