Turn Key | Event Venue and Bed & Breakfast | Montgomery AL

, Alabama 5 views 0 favorites

Financial Highlights
Asking Price
$1,500,000
Business Description

Montgomery, AL area - The current owners of The Elms invested over $640K in 2007 to restore the estate to its original grandeur. While it maintains its original architecture, it has all new electrical, plumbing, HVAC units, and state-of the art internet. 4BR/2.5BA, which includes the private, main bedroom with ensuite bath upstairs; a luxurious full bath on the hall to serve the other 3 bedrooms upstairs; and 1 half bath off of the kitchen on the main floor; plus 2 half-baths located in the gorgeous, outdoor pavilion. The bathrooms in the main house have marble countertops as does the amazing gourmet kitchen with a 6-burner Wolf range, Sub-Zero refrigerator and the architect-designed central island made from one 8x11-foot piece of pristine Italian marble. The heart pine hardwood floors are original and were fully refinished as part of the renovation, as were all the plaster walls, ceilings and original plaster medallions in the parlors. The building also has a formal office, with built in shelves, off the front parlor. Each room in the house has a fireplace, most of which are built with gas lines, as the bricks are original. They can be made wood-burning again with the installation of chimney linings. The property has four outbuildings - one is an original cottage which is also on the historic register of buildings. One is a 2000 sq. ft. commercial pavilion, added in 2012, with two half-baths a kitchen and storage room, which is adjacent to the professionally installed paver ceremony and reception space. All event equipment(tables, chairs, etc) are included. There are also two wooden, architecturally consistent storage sheds. The estate is protected by an historic covenant held between the State of Alabama and all of the estate’s current and future owners. The covenant ensures the property will not be destroyed, nor the architecture fundamentally changed. The Sellers moved from La Jolla, California to be closer to family in the south. They fell in love with the tiny town of Coosada,( just outside of Montgomery, AL), The Elms and the joy of living a simpler life near family. The business began as a hobby but grew faster than expected due to the demand for this unique beauty. It is run by an executive, with executive-level project management and accounting systems in place, and an existing part-time staff of 15. The business has grown significantly, into what is now a full-time operation with bookings into 2022. Even still, there is much un-tapped potential, for example as a B&B or VRBO. The ideal buyer will be someone who can invest love and energy into this venture full-time. Location: Coosada, Alabama Year Established: 2008 Number of Employees: 15 Real Estate: Owned Facilities: Fully Restored Historic Estate, 5,642 sqft, architectural wonder on private, wooded grounds , 6.42 acres. A 2000 sq. ft. commercial pavilion, added in 2012, with two half-baths a kitchen and storage room, which is adjacent to the professionally installed paver ceremony and reception space. All event equipment (tables, chairs, etc) are included. There are also two wooden, architecturally consistent storage sheds. Website: www.sothebysrealty.com/eng/sales/detail/180-l-84248-d49x6k/360-lindsey-r

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 19, 2022

Updated: 2 weeks ago

Views: 5

Favorites: 0