Splendor Inn Bed and Breakfast

Property Address: 75 South Broad Street
Norwich, NY 13815
Contact: Chris Smith, Owner
Contact Email: chris.smith49equal@gmail.com
Contact Telephone: 607-316-0352
Contact Toll-free: n/a
Contact Fax: n/a
Property URL: https://www.splendorinn.com
Date Business Established: 05/03/2017
Trade Association Affiliations: n/a

Area Description: Norwich is the county seat of Chenango County in Upstate New York, located about 4 hours north-west of New York City. Despite having a population of around 10,000, Norwich is well served by amenities, with many stores, restaurants, parks, bars and banks, as well as a movie theater. Tourist attractions include the Northeast Classic Car Museum and Wolf Mountain Nature Center. Norwich hosts a number of major events throughout the year which attract thousands of visitors, including the Chenango County Fair, the Chenango Blues Festival and Colorscape, which is an arts, crafts and music festival.

Norwich is located just 30 minutes south of Colgate University. The area also offers outdoor activities such as hiking, fishing, hunting, and skiing.

Site Description: A majestic Victorian home built around 1870, the Splendor Inn is conveniently located just a short walk from downtown Norwich, with its many amenities. Guests can enjoy the serenity of a private, fenced-in back yard, with a covered porch. The approximately 0.3 acre lot also features a detached garage.

Structural Description: The Splendor Inn features six spacious guest rooms within a home of about 4,700 square feet. Guests also have access to a large living room plus a sunroom off to the side.

The bed and breakfast also features owners’ quarters within a large finished basement of around 1,000 square feet, comprising a large bedroom, en-suite bathroom, a large family room and a further half bathroom.

Offering: The Splendor Inn is being offered for $375,000, including land, building, and business. It is a truly turnkey property, with everything from furniture, linens and silverware, to credit card machine and bookkeeping software; the owners are even offering a one-week handover to get you up and running.

The Splendor Inn also features an English-style Tea Room, which is also included in the price, should the new owners wish to continue to operate it.

Occupancy: 38%
Average Daily Rate: $108
Income from Room Sales: $90,253
Property Taxes: $8,498
Electric: $2,400
Water & Sewer: $968
Natural Gas/Propane: $2,400
Insurance: $2,400