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Own a Business and Home With Little Money Down

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Location

  • City Other Arkansas
  • State Arkansas
  • CountryUnited States

Not Relocatable

Real Estate Included

Financials

  • Asking Price
  • Sales
  • Profits
  • Profit Type
  • Fiscal Year

Deal Terms

  • Business Is A Franchise?
  • Seller Financing Available?
  • Management Will Stay?

18 acres with 2 beautiful 5,000 sq ft houses, one 1,200 sq ft building, 2 small storage buildings, a barn, 2 ponds, large paved parking lot, and more. We have had the property up for sale, but with the economy as it is, we are selling by owner and willing to reimburse/pay up to 20% of the gross sales price toward down payment and/or closing costs.
Colonial Court is currently a wedding venue. This home sits on over 9 acres which is zoned R-2. It has 5 bedrooms each with a private full bath. (8 bathrooms in all) Next to this home is an additional 1,200 sq ft event and reception building. Both are fully furnished and operating. The building at the time it was built was given a value of over $700,000. This does not include the new building next to it which we have close to $50,000 in vested.
Colonial Court is an unique exclusive 6,200 plus square feet rental complete with overnight accommodations. The four (4) upstairs bedrooms each have two (2) queen beds, dresser, t.v., private bath, and walk-in closet. The king suite located on the first floor has a king bed, private bath with Jacuzzi tub, and fireplace. The main gallery has hardwood flooring, large stage area for shows or bands, and public restrooms. The fully equipped kitchen has a large dining room attached.
Colonial Court is ideal for any family event, such as weddings, receptions, renewal of vows, anniversaries, showers, family reunions, graduation celebrations, birthday parties, holiday celebrations, and group lodging during arts and crafts weekends; or for corporate events, such as corporate meetings and conferences; or for special events, such as retreats, fund raisers, murder mystery dinners, dances, etc.
The second home is the living quarters and has recently been appraised for $630,000. It has 5 bedrooms, a den, formal living room, formal dining room, game room, and 5 baths plus a lot more.

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