At a list price of $595k (and motivated sellers for personal reasons, willing to negotiate further) and a net operating income of $84k, this property can offer a very nice cash flow for the price. The pub business is strong and there’s room to enhance the lodging business. The current owners have just chosen to run things at their pace and have not enhanced the business much, leaving plenty of room for new owners.
The pub is open 5-9, run by great line cooks and staff and not the owner, so new buyers wouldn’t have to work IN the kitchen if they so choose.
The outdoor patio is just begging to be enhanced for outdoor drinks or dining with umbrella tables! Dining al fresco is what everyone wants and would be a great attraction to passersby.
If you’re looking for a traditional B&B without food and beverage in this price range, you’re not likely to find one with this income. If you’d like to talk about this property, contact me! For more details on the listing, visit the listing page on my website.
