Property Address: 14 Aaron Avenue
Bristol, RI 02809
Contact: Kathleen Seguin, Owner
Contact Email: email@example.com
Contact Telephone: 401-396-9066
Contact Toll-free: 888-299-7226
Property URL: https://www.bristolhousebnb.com
Date Business Established: 02/01/2011
Trade Association Affiliations:: BMA, EBCOC, PAII, RI Hospitality
Financials Verified: Yes
Area Description: A quaint, seaside town filled with beauty, charm and history. Founded in 1680, Bristol is best known for America’s Oldest Fourth of July celebration — 230+ years — an event not to be missed! Conveniently located midway between Newport, RI and Providence, RI; short drive to ferries to islands and only a one hour drive from Boston or the Cape. Local university and multiple wedding venues provide guests all year round.
Site Description: Bristol House boasts four beautifully decorated rooms – all equipped with modern technology, cozy gathering spaces, outdoor dining patio and beautiful backyard gardens. Three guest rooms on the second floor and a family suite on the first floor. All have private, en suite bathrooms and can sleep ten persons in beds and two additional on cots. Located in quiet neighborhood near downtown with ample parking. Location is perfect for guests bringing their bikes and kayaks for outdoor adventures. Property is near East Bay Bike Path and the Narragansett Bay is at the end of our street. Play a game of croquet on our beautiful lawn; sit and relax in our backyard patio garden with a glass of wine to end your day or relax by the fire indoors when the weather turns crisp.
Structural Description: Cape Cod home built in 1962. Two stories plus full basement (finished and unfinished). 2,500 square feet (not including basement). 2-car garage. Very quiet and secluded backyard from neighbors. Stainless steel appliances & granite countertops in kitchen. Original hardwood floors & iron hardware on interior doors. Upgraded bathroom amenities/fixtures (massaging shower heads, privacy shades on windows, designer tiles, etc…). Replacement tilt-in windows with window A/C units for each guest room included. Whole house attic fan. Whole house generator. New sewage ejection pump & enlarged sewage pipe system with water pressure pump. Weil Mclain high-efficiency hot water heater. Five zones of heating (kitchen, dining rooms, upstairs guest rooms, basement & downstairs LR/innkeepers’ quarters).
Offering: Building, business & all furnishings (minus some personal items) included in sale. Has been operating as a successful, established B&B since 2011. Inn was totally updated in 2013. Perfect size for couple or single owner to operate. All licenses and zoning approvals would transfer to new owner. Current owner would assist with transition. Vibrant business community with Bristol Merchants Association and local Chamber. Includes upgrades website, professional photos, CRM guest list, MAC computer & office set up. Sale Price: $649,000.
Sales figures and expense numbers are from 2017 & 2018. Owner has had some medical/health issues for the past two years, so has scaled back on the inn operations. Potential to earn more is there for the right person who wants to run a successful inn, but still have downtime for travel and personal time.
Inn has been #1 on TripAdvisor for the past 5 years. Consistently scores above 95% on Booking.com with our guests. Online reservation system on inn website. Also, listings on booking.com, expedia.com, bedandbreakfast.com.
- Occupancy: 55%
- Average Daily Rate: $207
- Income from Room Sales: $99,000
- Property Taxes: $6,800
- Electric: $2,500
- Water & Sewer: $900
- Gas: n/a
- Insurance: n/a