B&B Guesthouse Inn for sale in North Carolina

  Iron Horse Restaurant (left) and Shops  
  Iron Horse Restaurant (left) and Shops  
  Iron Horse Restaurant (left) and Shops    Secnd level of Restaurant    Centerpiece hearth in restaurant    Typical Inn room with private bath    Main hallway of Inn    Booth and Table  dining at restaurant  
Region or Location
Hot Springs, North Carolina
Sale Details
Asking Price 1895000 US dollars
Seller prefers enquiries in the following languages... English
Reference USQQ1352
Description By The Vendor
Historic Inn, Restaurant, Tavern and Retail Space for Sale. Both the restaurant and Inn where each recognized by Trip Adviser with the Award of Excellence.

The Iron Horse Station is a meticulously renovated and restored Inn, Restaurant, Tavern and Retail space located on the Appalachian Trail in historic Hot Springs, North Carolina. The properties and businesses are included in the sale.

Nestled in the Great Smokey Mountains along the famous French Broad River, this small town sits directly on the Appalachian Trail attracting thousands of outdoor enthusiasts.

These three adjoining historic buildings were completely renovated in 2005 with a comprehensive attention to detail that can be seen throughout the property, including a new roof, electrical, plumbing, HVAC, and operating systems. The property was again refurbished in 2009 with additional new furniture, fixtures and equipment. About this time the buildings were placed on the National Register of Historic Places

The restaurant serves lunch and dinner 365 days a year The Iron Horse Station is one of a handful of establishments in Madison County with a full beer and wine license. The retail space is under lease and operates over 40 small craft stalls and cafe style services.

The area is renowned for its hot springs as well as incredible Trail hiking, kayaking, rafting, fishing, hunting, and many other exciting outdoor activities. Each spring more than 3,500 through hikers stop to rest here after completing the first 262 miles of the trail and before continuing the next 1,799 miles to Maine The Fall leaf viewing and many other festivals in town attract thousands more during the year.

The property includes three adjoining buildings with separate entrances totaling over 12,000 sf. There is a two level restaurant with seating for up to 128 guests and featuring a central hearth. The tavern section serves specialty beers on tap. The Inn offers 15 bedroom of varying types each with private bath.

There is limited competition in the immediate area for this type of dining room style service and well-appointed bedrooms with private baths

Recently recognized by Trip Advisor with their Award of Excellence, both the Inn and Restaurant are poised to grow profits after three years of steady growth. The occupancy rate of 46% at the Inn allows for immediate income growth with no additional expense and the restaurant profit can double with an aggressive marketing plan. The property lends itself to a variety of commercial opportunities.
Guest Facilities On Site
  • Restaurant
  • Bar
  • Television Room
  • Air conditioning
Attractions For Guests In The Local Area
  • Mountains
  • Forests
  • Area Of Natural Beauty
  • Tranquility
  • Rivers
Activities For Guests In The Local Area
  • Skiing
  • Walking
  • Mountain biking
  • Horse Riding
  • Wellness
  • Fishing
Owner Facilities On Site

    Last updated   29 Oct 2012

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