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Bed and Breakfast For Sale In New York

Address: Southampton, NY 11968
Brand: Bed and Breakfast
Units: 5
Rate: $415.00
Asking Price: $3,250,000.00

Other Features or Comments about the Hotel / Motel / Bed & Breakfast for Sale:

Your chance to own a very special residence or business in the village of Southampton, New York (a.k.a. The Hamptons). Tripadvisor's # 1 rated B&B in all of the Hamptons! Located just 1/2 mile from the center of the village, over 16 great restaurants within a 1 mile radius, short walk from the train station or the Hampton Jitney stop allows for easy access. Just 2 miles from the beach and yet not in a flood zone. Opened in 2002, we are 1 of only 3 B&Bs in the village and our business has continued to grow. Currently operated from mid-March to Nov 30 provides more opportunities to expand the business or take lots of time off. Business can be sold as a turnkey operation, most equipment, furnishings and fixtures to remain. Last year in our 8-1/2 months of operation we were at 78% occupancy with an ADR of $415 and 3-1/2 months off! Room expansion possibilities with appropriate permits.

First floor has an open-plan living room with a wood burning fireplace surrounded by floor to ceiling built-ins for storage, a butler's pantry, a dining room that seats 12 or more, a large kitchen with a 6 burner commercial double oven Garland stove with professional stainless steel extractor hood, full guest bathroom with tub and shower, and washer/drier area in the rear hallway (mudroom) that leads to the rear deck and exterior dining patio.

Beyond the kitchen is a private sunroom which is the owner's office and dining/living area, with views of the back garden and the parking area.
Large owner's suite with attached bathroom (glass-enclosed steam shower and benches & 3 shower heads) as well as a private deck with BBQ and dining area surrounded by a small "secret" garden.

Beyond the rear patio is a large mature garden with mature trees, flower beds, a vegetable garden, expansive lawn areas and, up a set of stone stairs, a salt-water 40' x 20' swimming pool (new liner, 2012) and 2 garden sheds. The property size is just over 0.75 acres but seems much bigger.

Second floor has 5 en-suite guest bedrooms located off a wide central hallway which has front and rear staircases for easy access.

Third floor, accessible by pull down stairway, has a separate owner's retreat consisting of small office/den (with window and skylight), and a large craft room (with window and skylight) connected by a section with ample storage for seasonal decorations, etc. Some A/C mechanicals are located here as well. New roof (11/13). House size (floors 1 and 2) is approximately 5,000 sq. feet and was specifically remodeled as a B&B.

Basement is dry and has a small workshop area, more storage space and most mechanicals for the house which include town water and natural gas supply, central A/C with 7 zones and a 7 zone heating system for individual control of all bedrooms or common areas. (Very energy efficient.)

Financials are available to pre-qualified buyers after signing a non-disclosure agreement. Email us with your contact information and any further questions you have. Owners looking to retire and want to see the tradition of hospitality in the Hamptons continued. We are open 8 months a year so plenty of expansion possibilities. Email all enquiries please.
Built in 1860
Historic Registry
13 years as B&B
Last renovation in 2013
For Sale By Owner
5 Guest Rooms
6 Guest Bathrooms
Lot size: 0.75 acres
8 Parking Spots
Has owner's quarters
For Sale By Owner
$415.00 avg daily rate
$400,000 gross revenue on 8 months of business

Listing Agent Christopher & Kimberly Allen

Seller Information

Contact Name:
Christopher & Kimberly Allen
Phone Number 631-835-3686

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Last Revised:  March 2, 2015

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