40 Bay Street Bed & Breakfast
$ 379,000 - 40 Bay Street, Parry Sound, ON P2A 1S5 ... more details
*****SOLD***** Do you dream of owning a bed and breakfast?
Do you love to cook, meet new people and entertain?
Do you want to be your own boss?
Do you want to make enough money to pay all your living expenses?
Do you want to be able to travel during the winter months?
Are you a single person or childless couple?
TURN KEY ESTABLISHED B & B! Includes all contents to continue this Successful Lakeside Lifestyle Business.
This 3 suite bed and breakfast was designed to be operated by one person and consistently generates $55,000 in revenue annually. The B&B layout has been maximized to allow for 80% of all the operating expenses to be deducted for income tax purposes, and there is opportunity to add another room and additional services to guests.
40 Bay Street Bed & Breakfast is an award-winning B&B that has been in operation for 10 years. It has a prime location on the main street of Parry Sound, overlooking the harbour and directly across the road from the waterfront and all the major attractions, marinas, performing arts centre, restaurants and shopping. It is the only B&B in town with en-suite baths, and the only accommodator located on the waterfront. 2015 generated $65,000 income.
Each unique suite offers guests something different - from views of Georgian Bay, to a spa-like bath or the opportunity to enjoy a private deck. With two sun porches and well-established perennial gardens with seating, guests have several options to take advantage of all the vistas available from the property. There is ample off-street parking for guests.
****SOLD***** The property was fully renovated in 2006 to provide guests with all the amenities while maintaining the historic home's charm. It has a minimum energy rating of 78% (new windows and foamed crawl-space had been added since the rating was done) and all appliances are energy-efficient. The owner's quarters are located on the main level, and are suitable for one person. However, this floor space can be easily expanded if more space is required without impacting on the bed and breakfast operation. A list of all upgrades is available. The majority of revenue is primarily generated June through October, leaving the opportunity to travel during the off-season, or to increase revenue by renting rooms during the off-season. A third party, independent assessment is available to qualified buyers.
Why not satisfy your dream by living, working and playing on Georgian Bay?
|For Sale Listing Number : FS2329
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