Otter Creek Inn – Altoona, WI
July 23, 2019
Altoona, WI Offered for sale at $572,000
Financially viable in great location. Recently updated classic inn in a perfect setting with every modern amenity. The best of yesterday and today. This B&B has been in business for over 28 years. The six inviting guest rooms all feature gas fireplaces, private ¾ baths and jacuzzi tubs.
Tudor style home with beautiful courtyard, grounds, and trees towering the property. New roof, insulation, beds, mattresses, appliances, and hot water heater. 2 bedroom 1 bath Private staff/owner’s quarters with kitchen and living space. Plus a separate heated 12+ car garage and 2 car garage.
Great reviews and effective marketing plan in place. New responsive website with state of the art booking engine and retail shop. The only 4 star accommodations in the area with highest guest ratings on most OTA websites.
Over $170,000 annual revenues based on only 5 of the 6 guest rooms. Currently the 6th guest room is reserved for owner friends and family only.
- Offered for sale at $572,000
- Occupancy Rate: 67%
- Average Daily Rate: $135
- Annual revenue is $170,000
- Terms: Currently zoned residential with special permitting from the city. Zoning can be changed to commercial at any time should you choose.