Location: 136 Bridge Avenue
Wabasha, MN 55981
Contact: Richie Mann, Owner
Email: n/a
Phone: 651-564-1568
Toll-Free: n/a
Fax: n/a
Website: www.turningwatersbandb.com
Owner(s): Richie Mann
Business Established: 08/01/2011
Affiliation: n/a
Area Description: Located one block from the Mississippi River and a half block from the main street of Wabasha tucked along the banks of “The Upper Mississippi River National Wildlife Refuge”, an area that reports 3.5 million visits a year, more than Yellowstone National Park! Turning Waters Bed, Breakfast, & Adventure is in the middle of a 261-mile wildlife refuge. The longest river refuge in the continental U.S. It lies within the four states, helping Turning Waters bring guests from the large quad state population. The National Eagle Center in Wabasha also reports over 74,000 visitors a year and hosts the largest number of wintering Bald Eagles in the Continental US. Within 5-15 miles in all directions exists local artist’s shops, local wineries and a local brew pub only two miles from Turning Waters Bed, Breakfast and Adventure. High class attractions and miles of natural area bring tourists to Wabasha all year round!
Site Description: Turning Waters Bed, Breakfast and Adventure is not your typical Bed and Breakfast! This beautifully restored 1904 house is steeped in the natural world. With adventure, travel and a modern refurbished design; its simple beauty next to earthy colors, twists of travel and influences of our state’s environmental diversity. Two master suites, one 1/2 suite and two guest room, all on the quiet upper level. 4800 sq. ft. house holds all its original woodwork and craftsmanship. Lower level consists of a Foyer, Dinning Room, Library, Commons Rooms, Kitchen.
Three adjacent buildings; a carriage house, three port garage and storage shed. $80k put into redesigning the entire interior and $45k invested into the exterior, the house is primed for many years of flawless operation. TW’s grounds were re-landscaped in 2013 to fit the native backwater vegetation. A wrap around porch overlooks four native garden plots and backyard vegetable/herb garden.
Structure: With $80k put into redesigning and refurbishing the entire interior and $45k invested into updating the exterior of the house, which included repainting, replacing the porch floor and shingling the roof; the house is primed for many years of flawless operation. Turning Waters’ grounds were re-landscaped in 2013 to fit the native Deciduous woods and backwater vegetation. With a wrap around porch overlooking four native garden plots and a backyard vegetable/herb garden. This beautifully restored 1904 house is steeped in the natural world. With adventure, travel and a modern refurbished design; its simple beauty next to earthy colors, twists of travel and influences of our state’s environmental diversity. Two master suites, one 1/2 suite and two guest room, all on the quiet upper level. 4800 sq. ft. house holds all its original woodwork and craftsmanship. Lower level consists of a Foyer, Dinning Room, Library, Commons Rooms, Kitchen.
Offering: Turning Waters Bed, Breakfast, & Adventure is a unique adventure based B&B being sold as a turnkey business for $549,000. (To assist the new owner: the current owners agree to sell the house as a residential property for $399,000. Then on a separate bill of sale they will include furnishings, fixtures, inventory, appliances, costumer list, Web site, goodwill, etc…Everything you would need to start running the business right away. Owner financing, if needed, available on the bill of sale portion which would be $150,000).
Financial Information:
- Occupancy: 35%
- Average daily rate (ADR): %157.00
- Income from room sales: $55/per room
- Taxes: n/a
- Electricity: n/a
- Water and Sewer: n/a
- Natural Gas: n/a
- Insurance: n/a
Special Notes: n/a
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