Opportunity is Knocking!
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.
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
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.
Businesses for SaleMichigan Businesses for SaleMichigan Entertainment & Leisure Businesses for SaleMichigan Hotels & Motels Businesses for Sale


