Established Bed & Breakfast in Upstate New York
Business Description
The Splendor Inn Bed & Breakfast is an established, successful bed and breakfast in Norwich, in Upstate New York. The majestic Victorian home features six spacious guest rooms, together with owners' accommodation. The B&B is conveniently located a short walk from downtown Norwich, which offers various amenities including restaurants, bars, shops, a pharmacy, a bank, a movie theater and two small parks.
The Splendor Inn is being offered as 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. A detailed inventory is available upon request.
Business comes from diverse sources including people visiting friends and family, weddings, funerals, high school reunions. The B&B is also conveniently located just 30 minutes south of Colgate University, and is on the route to Colgate from downstate New York, New Jersey and eastern Pennsylvania. There are also a number of large events annually that draw significant numbers of visitors to Norwich, such as the Chenango Blues Festival and Colorscape arts and crafts festival. There are also people visiting Norwich for business year-round; major local employers include NBT Bank, Chenango Memorial Hospital, GE/Unison, Alvogen and Kerry Bioscience.
In addition to the guest rooms, the bed and breakfast features a large finished basement with owner quarters comprising a large bedroom, en-suite bathroom, a large family room and a further half bathroom.
The Splendor Inn also features an English-style Tea Room, which is also included in the sale, should the new owners wish to continue to operate it.
The current owners have made various investments and upgrades over the years, including a kitchen remodel (2019) and a new driveway (2022). The exterior of the house was painted during 2023 and 2024.
The Splendor Inn is the highest ranked lodging establishment in the Norwich area, and has won various awards in recent years from TripAdvisor, Booking.com, Yelp and Airbnb.
The current owners have operated the Splendor Inn since 2017 and are now looking to retire.
The Splendor Inn is being offered as 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. A detailed inventory is available upon request.
Business comes from diverse sources including people visiting friends and family, weddings, funerals, high school reunions. The B&B is also conveniently located just 30 minutes south of Colgate University, and is on the route to Colgate from downstate New York, New Jersey and eastern Pennsylvania. There are also a number of large events annually that draw significant numbers of visitors to Norwich, such as the Chenango Blues Festival and Colorscape arts and crafts festival. There are also people visiting Norwich for business year-round; major local employers include NBT Bank, Chenango Memorial Hospital, GE/Unison, Alvogen and Kerry Bioscience.
In addition to the guest rooms, the bed and breakfast features a large finished basement with owner quarters comprising a large bedroom, en-suite bathroom, a large family room and a further half bathroom.
The Splendor Inn also features an English-style Tea Room, which is also included in the sale, should the new owners wish to continue to operate it.
The current owners have made various investments and upgrades over the years, including a kitchen remodel (2019) and a new driveway (2022). The exterior of the house was painted during 2023 and 2024.
The Splendor Inn is the highest ranked lodging establishment in the Norwich area, and has won various awards in recent years from TripAdvisor, Booking.com, Yelp and Airbnb.
The current owners have operated the Splendor Inn since 2017 and are now looking to retire.
About the Business
- Years in Operation
- 8
- Employees
- 2
- Facilities & Assets
- The price includes the real estate (building and land).
The price also includes fixtures, fittings and equipment required to operate the business - everything from bedroom furniture, linens and silverware, to the business computer and credit card machine. A detailed inventory is available upon request.
Inventory of breakfast food, coffee/tea, condiments and cleaning products is also included. - Website
- https://www.splendorinn.com
- Market Outlook / Competition
- The Splendor Inn has enjoyed a consistent level of business since the COVID pandemic. It is the only traditional B&B in the area and benefits from a diverse and loyal customer base, with high levels of repeat business.
There are three other traditional lodging establishments in the Norwich area: Red Roof Inn, Super 8 and Fred's Inn. However, these are all motel type establishments and have a poor to average rating. By contrast, the Splendor Inn has an average rating of 4.8 on Google, 4.9 on Trip Advisor, 9.8 on Expedia and 9.1 on Booking.com. - Opportunities for Growth
- Events - whilst the Splendor Inn has hosted parties and baby/bridal showers, we have never promoted the B&B as an events venue. This could lead to additional revenue from small weddings, retreats, family reunions, etc.
Local businesses - due to turnover of staff in local businesses, there are always opportunities to re-engage and develop more business.
Tea Room - the current owners have not actively promoted the Tea Room for a few years due to high levels of business on the lodging side, but there remains the opportunity to grow Tea Room sales.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 4,700
About the Sale
- Seller Motivation
- After 8 enjoyable and successful years, the current owners are looking to retire
- Transition Support
- A one week handover with the new owners is included. This will cover all operations of the B&B, from preparing breakfast to taking reservations and payments.
Written instructions will also be provided.
Listing Info
- ID
- 2332368
- Listing Views
- 810
Business Location
Listing ID: 2332368 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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