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Excellent Event Venue Estate And Hotel Opportunity For Sale

Bloomington, Indiana
Asking Price:
$2,870,000
Sales Revenue:
$250K - $500K
Cash Flow:
$250K - $500K

Great Investment Opportunity for Estate Property:
Conveniently located just 12 miles from French Lick Resort and Casino and having a Midwest region population of over 52 million residents within 1 day drive to the estate. Development is commercially compliant and has previously been used as Wine Tasting facility, Day Spa and most recently as a Wedding Event Venue and Bed & Breakfast with startup gross annual sales of $330,000 at only 25% use w/ avg wedding income of $24,000 per event. The property boasts four finished floors, a Jr. Olympic sized swimming pool w/ full use pool house and spa, on-site Maids Quarters perfect for separate innkeepers residence and fully finished 3 car garage. Estate Courtyard, Grotto and Meadow allow for multiple on-site event venue locations.

About The Estate House:
Beautiful 12,000+ s.f. French Country Estate plus 10 acres nestled in the rolling hills of southern Indiana. The estate house hosts over 28 rooms including 8 bedrooms, 7 full baths, 4 half baths, a lower level English style pub with wine cellar, sauna and double sided fire place walking out to a sunken grotto. Entertain guests with the elegant dining room, large living room, sun porch, breakfast room and butler's pantry. Property is fully air conditioned along with radiant heat.

The Estate has been fully converted for commercial use including a 4-level elevator and an available 3-way liquor license. Commercial kitchen equipment included. This property has hosted many events, up to 400 guests, with ability for hosting multiple concurrent events. The breathtaking property is only 12 miles from the historic and world renown West Baden Dome Hotel, French Lick Resort and Casino and the Pete Dye PGA golf course giving easy access for hundreds of brides and their guests. Property is conveniently located just 45 miles from Bloomington, Indiana ( Indiana University) and Louisville, Kentucky. 100 miles from Evansville, Indianapolis and Cincinnati, OH. Located at 1493 East State Road 56 Paoli, Indiana 47454.

Material Value-Add Opportunity:
This Estate has the potential for expansion with an additional 50 acres which is for sale separately that includes another hilltop venue, cabin and cottages ideal for year-round rental income. (Information available upon request.) An experienced investor will have the rare opportunity to add value by capturing several high quality revenue streams with significant cost savings for improved operational efficiencies. Professional marketing material and online presence has already been establish with currently over 500 monthly organic website visitors and up to 10 event venue inquiries per week. Blueberry Hill Estate can be used as a private residence, B & B, wedding and event center, resort and spa etc. The motivated owner has decided to retire and move closer to out-of-state family. Seller financing, lease to own and SBA loan assistance available.

*This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Property information

Real Estate:

Real Property Included

Location:

Located in Paoli, Indiana. Property is conveniently located just 45 miles from Bloomington, Indiana ( Indiana University) and Louisville, Kentucky. 100 miles from Evansville, Indianapolis and Cincinnati, OH.

Size in square feet:
12,000

Business Operation

Expansion Potential:

Property easily accommodates for multiple concurring events at different locations of the property during peak seasons. Industry demands additional overnight accommodations. Additional room nights can be accomplished by building additional cottages.

Competition / Market:

Recession Proof: Weddings occur regardless of economical outlook. The breathtaking property is only 12 miles from the historic and world renown West Baden Dome Hotel, French Lick Resort and Casino and the Pete Dye PGA golf course giving easy access for hundreds of brides and their guests.

Reasons for selling:

The motivated owner has decided to retire and move closer to out-of-state family

Employees:
4
Years established:
2013

Other Information

Support & training:

Offering complete 2 week training of all daily activities.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller financing, Lease to Own and SBA loan assistance available.

Website:
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