Opportunity is Knocking!

Asking Price$3,995,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$3,400,000
Included in asking price
Morning Sunshine at The WellingtonSave

Opportunity is Knocking!


Asking Price$3,995,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$3,400,000
Included in asking price
Business Description
Imagine owning a piece of Traverse City's most charming history. The Wellington Inn isn't just a business - it's your chance to step into a beautifully restored 1905 mansion that's been welcoming guests with open arms for over 20 years.

You'll love the story behind this place. Back in 1999, the current owners saw potential in what others might have called a lost cause - a crumbling mansion that once belonged to a lumber baron. Through careful restoration, they brought every piece of original woodwork back to life while adding all the modern comforts today's guests expect.

The numbers speak for themselves: nearly 500 TripAdvisor reviews with a stellar 4.8-star rating. Your guests will rave about the nine beautifully appointed rooms, each with private bathrooms, plus those stunning common areas - imagine hosting events in the third-floor ballroom or cozy evenings in the library.

Location? You couldn't ask for better. You're just one block from Front Street's buzzing shops and restaurants, and your guests can easily walk to the public beaches. Talk about convenience.

Here's where it gets exciting - there's room to grow. Two additional apartments and flexible spaces mean you could expand into spa services, fitness offerings, or even wine tastings. The possibilities are endless.

The current owners have poured their hearts into this place for decades, and now they're ready to pass the torch to someone who'll appreciate what they've built. You're not just buying a profitable bed and breakfast - you're becoming the next steward of a beloved community landmark.

This is your opportunity to own something truly special while building a thriving business in one of Michigan's most desirable destinations.
About the Business
Years in Operation
26
Employees
4 (1 Full-time, 3 Contractors)
Facilities & Assets
All of the real property, the personal property including furniture, chatchkas, appliances, pots, pans, dishware, linens, the name, goodwill, SUP /license and non-compete
The Gross Revenue and NOI above are pro-forma.
Website
https://wellingtoninn.com
Market Outlook / Competition
There is no direct competition to the Inn within a 3 mile radius. There are a couple of less experiential Inns in Traverse City. Direct competition comes from Black Star on Old Mission Peninsula and in Leelanau county and Chateau Chantal on old mission peninsula.
Opportunities for Growth
There are value add opportunities on the property such as converting the 3rd floor ballroom to an additional room or rooms. The garden level Gentleman's billiard room could easily be converted to a spa, prohibition style lounge or?
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
15,918
About the Sale
Seller Motivation
The owners are hoping to retire.
Transition Support
The sellers have hired and are training an onsite manager, who is willing to go along with the sale.
Financing Options
This property and business are best funded through an SBA loan and perhaps some inves
Listing Info
ID
2409417
Listing Views
1027
Business Location

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Carole Higgins Cygnus Real Estate

Listing ID: 2409417 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.