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The Cheney House Bed and Breakfast

Ashland, New Hampshire
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649,900
Asking Price
4
Guest Rooms
5
Baths

Property Overview

The Cheney House is a 7 guestroom, 5 bath Victorian home with all the fine custom carved finishwork inside and out including ornate fireplace surrounds, banister tower room, which was lovingly and authentically restored and being sold turnkey. In addition to guestrooms and baths, the home has formal entry, large ornate living with pellet stove inserted in fireplace, dining, kitchen, laundry and pantry. The home sits on just under 3 acres of perennial gardens, firepit and acres of open field in addition to a large barn workshop. Currently run as licensed 4 rentable guest rooms with their own baths and shared sitting room.


Property Description

No Restaurant
Owners Quarters

2 bedroom with private sitting room owners' quarters. Located in the rural tourist small town of Ashland, NH, this amazing property has access to all of NHs Lakes Region and the White Mountains as it is located on the cusp of both. While in the rural part of downtown it boasts beautiful views of the mountains and fields while being just a stroll away from great dining including the first member of the Common Man family of restaurants among the others located in the downtown, village brew pubs and gift shops. The town of Ashland has a town beach on Little Squam lake, lots of other things to see and do.


Business Summary

58%
Occupancy Rate
$10,000
Revenue Per Room
$170
Average Daily Rate
$40,000
Gross Revenue
6 x
Gross Revenue Mulitplier

This property is in the heart of where New England comes to play and since it is tourism based the locals cater to the tourists so they want to come back year after year. While the home is in pristine condition, you definitely can make your mark on it with the possibility of expanding within the footprint as there is a massive attic with 4th floor tower, the additional bedrooms currently repurposed to sitting rooms and the barn workshop would make an amazing carriage house. And since there are currently reservations going into the fall, you have built in clientele while you make your mark.


Reason for Selling

After 16 years and hosting people from around the world and more, its time for a new experience.


Terms & Asking Price

Traditional sale - cash or bank.


Location

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