Swantown Inn Bed & Breakfast For Sale

$749,000.00

Business Information

A historic Bed & Breakfast and Day Spa. We are the second set of owners that have run the home as a B&B. We have improved the revenue by 40% over the 6 years we have owned the property. Through simple upgrades, like king size beds and painting rooms, to the addition of an outdoor paved area for events and parties, and a pergola for weddings, we have thoughtfully worked at improving the property.

In October 2008 we opened the Attic Day Spa, adding a currently unfilled new revenue stream. The day spa adds a unique complimentary business. Currently we use contractors who are licensed Massage Therapists. The day spa has added around $25K to $30K in revenue with around a 40% profit margin after paying contractors and expenses. In some ways our property would complement owners that included one partner that is a Massage Therapist. The day spa revenue and profits would then increase dramatically.

Our reason for selling is primarily to explore the possiblilities of moving back to to Australia, where we would probably buy another B&B! All of Nathan's family is there and we would like to be closer to them for some time.

Owners would enjoy a very spacious owners quarters. We added on two rooms ourselves to give our family enough space. We are very open to providing training to new owners.

We can also provide plans for an expansion, if you are looking for a slightly bigger Inn with a bigger event space.

Years in Business

13

Rates

$109.00 - $179.00

Occupancy Rate

58%

Gross Revenue

$127,000.00

Revenue Per Room

$25,000.00

Property Information

The Swantown Inn Bed and Breakfast, is a 1887 Queen Anne/Eastlake Victorian Mansion listed on both the city and state historical registers. Located in a quiet neighborhood in the heart of Olympia, Washington, the Inn can be your headquarters for exploring the Puget Sound region, or your refuge to escape from it all. Swantown Inn is available for special events, weddings, reunions, corporate meetings, seminars and retreats.

Our B&B has been in business for almost 15 years, and is well regarded in the local community.

For more property information see WBBG Listing »

Guest Rooms

4

Common Rooms

3

Private Baths

6

Shared Baths

0

Year Built

1887

Year Remodeled

2002

Square Footage

4500

Land

0.6 Acres

Realtor

Realtor

Nathan Allan

Realty Company

For Sale By Owner

Phone

360.753.9123

Fax

360.252.6423

Web Site

swantowninn.com