Echo Mountain Inn

Hendersonville, North Carolina
www.echomountaininn.com

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Property Type
Bed & Breakfast / Inn
Guest Rooms
31
Baths
31
Restaurant
Yes
Owners Quarters
Yes
Asking Price
$1,995,000

Occupancy Rate
17%
Average Daily Rate
$119
Gross Revenue
$158,362
Gross Revenue Multiplier
14

Property Overview

Historical Inn, short drive to downtown Hendersonville, opportunity to operate a large Bed & Breakfast, full service Inn, or event/wedding facility. Mountain views, commercial kitchen, restaurant, swimming pool, conference room, parking, additional expansion possibilities. Owners' quarters as this property presents numerous options. Currently operated seasonally.


Property Description

Historic stone main inn contain 21 rooms, restaurant with commercial kitchen and seating for over 80 along with lower level conference room. Little Echo building contains 10 rooms and apartments with an additional building used as a counseling center which can be converted to additional rooms or owners' quarters. A small cottage is on the property as well. Outdoor swimming pool plus an additional development land is included with sale.


Business Description

Currently used to support world-wide ministry operations and from January - May as a faith based training center, Echo Mountain Inn, for the last 13 years, has only operated seasonally to the public from June - December as a Bed & Breakfast/Event/Conference facility. Restaurant was very busy under previous owners and all zoning is still in place. Liquor license is allowed with minimal cost.


Reason for Selling

Due to growth, the well maintained property is available to be returned to the once thriving restaurant and Inn or embrace your ideas!


Terms & Asking Price

Cash or new mortgage. Seller may need to make arrangements depending upon time of year sale would be completed.