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Inner Banks Inn in Edenton, North Carolina: One of the Prettiest Towns in America

103 E. Albemarle Street, Edenton, , 27932 Property Website Dated Posted: January 17, 2018

$2,499,000

bandbconsulting03

Rob Sales

B&B Consulting

rob@bandbconsulting.us

o: 9126557674

m: 9126557674

Circa 1902

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About This Old House

There are B&B’s and Country Inns, and then there is the Inner Banks Inn, nestled in “One of America’s prettiest towns,” Edenton, North Carolina. A Select Registry Inn, this B&B is known for its comfortable and diverse accommodations of 20 rooms/suites, award winning food, spectacular events and superb service. The Inner Banks Inn is situated in the pristine and historic town of Edenton, North Carolina, a prime location just one hour from the Norfolk/Va. Beach metropolitan area to the south and the world famous Outer Banks beaches to the east.

This Coastal Carolina bed and breakfast inn features 20 guest rooms in four distinctively different houses; a Victorian mansion, Greek revival home, converted tobacco “Pack” barn and a coastal cottage. The popular dining venue, “The Table at Inner Banks” restaurant, located in the converted and expanded carriage house, is an award winning f&b operation with a profitable and flexible venue booking model and delivers food and beverage revenue that makes sense. This in-town property sits on rare acreage in the Historic District, an easy stroll from the charming shops and waterfront. Most of the 20 rooms and suites are above average size, and one suite affords the ultimate in comfort and luxury. There are spaces to refit for an additional luxury suite and two to three additional rooms for increased lodging revenue within the existing house footprint.

This exceptional offering includes:
• Excellent financials
• State of the art infrastructural systems including marketing and review tools
• Great location
• Select Registry Inn
• On Site Venues, Restaurant and In Room Spa Services
• Very private owner’s quarters options

Coastal North Carolina has four distinct seasons of the year and the Inn has developed specific revenue niches for each with common areas and grounds providing a luxury and yet comfortable experience for the tourist and business travelers alike. More opportunity…the professional website and extensive social media followings are increasing its online bookings for even greater revenue streams.

When considering the purchase of a bed & breakfast, buyers are always interested in a strong business and this Inn’s story is impressive. In 2014 the inn was re branded and has significantly boosted its occupancy rate, ADR and Rev Par, a testament to the quality of the marketing and the staff who, with the owner, provide a wonderful experience for the inn’s guests. The benefit to an investor buyer is that the inn generates a solid income even with a full complement of staff. Currently there are no owner’s quarters, as the former owner’s quarters were converted to guest use in 2014, generating more than enough revenue to pay for comfortable off site housing. There is space in the Satterfield House, however, where new owner’s quarters could be created.

Sitting on almost two acres of land and a few blocks from enchanting shops and waterfront, all guest accommodations enjoy access to the amenities of the property including onsite dining, outdoor porches, extensive patio, fireside area, lawn, in room spa services and separate pet-friendly areas. The Table at Inner Banks offers fine and casual dining with menus and prices that appeal to both the world traveler and locals alike. Ranking in the upper 1% on TripAdvisor in the NC Region, the restaurant and Inn have both been featured in a variety of publications, television specials and online venues. Golf, soundside pool and an expansive waterfront events venue is available to guests as it is owned by the same individual.

From successful marketing to award winning food to diverse and flexible revenue streams, this 20 room Inn is an up and coming jewel that is gaining recognition and status amongst travelers, event planners and industry leaders.

The Inner Banks Inn is a perfect example of when an Inn’s numbers are progressively growing, the opportunity for the buyer seeking a quality property is met with a celebrated past and equally bright future. Are you its next owner?

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