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Profitable luxury Bed & Breakfast in Eureka Springs, Arkansas

Eureka Springs, AR
Heartstone Inn & Cottages
Heartstone Inn & Cottages
Asking Price:$1,975,000
Gross Revenue:$411,000
Real Estate:$1,775,000
Cash Flow:$171,000
FF&E:$175,000
Established Year:1999
Listing ID: 2224682Listing provided by BizBuySell
BUSINESS DESCRIPTION

Owner travels 4 months a year and the Inn is very profitable!

The acclaimed Heartstone Inn is proudly being offered for sale after over 25 years of highly awarded service. 2023 Travelers' Choice from Trip Advisor, Trip Advisor's Certificate of Excellence for 10 years in a row, top 25 B&B's in the US. Consistently ranked #1 B&B in Eureka Springs and top 5 in the State. Featuring 11 thoughtfully designed rooms, suites and cottages, this property is located in the heart of one of the coolest small towns in America and it will surely capture your HEART. From the moment you enter the meticulously landscaped grounds, you will see for yourself the impeccable nature of all that has been created in this full service, highly refined bed & breakfast. A newly designed commercial kitchen will wow the finest chef! Situated in a prime location on the historic loop with ample parking, a trolley stop and walking distance to shopping, galleries and restaurants. Private living quarters allow for exceptional privacy and separate parking. This is a highly profitable, turn-key business which is commercially zoned and has limitless possibilities, such as a culinary Inn, corporate retreat, Air BNB/VRBO. Nothing else compares!

DETAILED INFORMATION
Location
Eureka Springs, AR
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
8,450
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The grounds are impeccable with several distinct features. The property also contains private parking, enough to accommodate all guests. There is also a generous space that is private living quarters with separate parking. All furniture conveys, this is a complete turnkey operation. 2 stand alone cottages and Inn included on one acre of commercially zoned land in the heart of Eureka Springs, Arkansas .
Competition
Inn currently has fantastic ratings and the business boasts impeccable good will in a vibrant tourism based town. Owners have worked hard to maintain the reputation and services to guests befitting the luxurious accommodations.
Growth & Expansion
Business is currently closed an average of 120 days per year. There is great potential to operate this Inn year round and learn from the current owners. Property has over 1 acre and has room to add more cottages if desired. Currently serving breakfast only, but has the potential to offer more dining options. The current owners also do not do any private events but there is ample space to add that to the business.
Financing
Gross Revenue & Cash Flow are an average of 2021, 2022, 2023.
Support & Training
A minimum 2 weeks of training after close of sale. Website conveys along with a best selling cookbook, Facebook page, Instagram page, and guest management software.
Reason for Selling
Owners retiring after 25 years.
Home-Based
This business is Home-Based
BUSINESS LOCATION
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Stan Dubois
Phone Number
Stan Dubois
Call Phone