HSC - Motivated Seller! Busy Bed & Breakfast with High Ratings

Altoona, WI

Seller Financing Available

Otter Creek Inn
Asking Price:$799,000
Inventory:$5,000
Real Estate:$700,000
Gross Revenue:$244,800
FF&E:$75,000
Established Year:1989
BUSINESS DESCRIPTION

Just Reduced! Fully Staffed Bed & Breakfast!

Just reduced by 100K! Otter Creek Inn is a classic EnglishTudor-style B&B that has been in business for over 35 years. The Inn features 6 guest rooms, each with aprivate bath, gas fireplace, and jacuzzitub. The rooms are tastefully decorated and offer every modern amenity. In addition to the suites, the private owner’s/staff quarters include 2 bedrooms, 1 bath, kitchen, and living space. The 1.02 acre lot has landscaped grounds, courtyard with gazebo, and majestic towering trees. Property features a heated 12+ car garage, 2 car maintenance garage, and guest parking.

The B&B has an occupancy rate of 72.6%. The property is being sold turnkey, with training. Effective marketing plan and staff already in place. New responsive website that features a state-of-the-art booking engine and retail shop. Extremely high guestratings on multiple travel agency websites.


ATTACHED DOCUMENTS
Otter Creek Brochure.pdf Download

DETAILED INFORMATION
Location
Altoona, WI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
6,848
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Classic Tudor home built in 1920 and renovated in 2018 and 2020. 12 car garage, 2 car maintenance garge, 6 guest rooms with fireplaces and jucuzzi tubs. Staff quarters included or use it as another rentable space. Newer roof, insulation, beds, mattresses, appiances, septic and hot water heater.
Growth & Expansion
Altoona, WI is experiencing a notable growth rate. As of the latest data, the city is growing at a rate of 4.16% annually, and its population has increased by 19% since the 2020 census. This growth is faster than many similarly sized cities, indicating a thriving community.
Financing
Assumable VA Loan at 3% for partial financing
Support & Training
Owner will guide the buyer through the day-to-day operations, customer service, and management. They will provide operational insights on running the B&B efficiently, including vendor relationships, maintenance routines, and guest management plus passing on knowledge about the local area and attractions.
Reason for Selling
Moving out of state

BUSINESS LOCATION
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Judi
Malone
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Judi Malone