Sweetgrass Inn Bed and Breakfast in Rapid City For Sale

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Listing Description

BED & BREAKFAST INN/ BAR & GRILL/ CAMPSITES/ HOME

Sweetgrass Inn Bed & Breakfast/ Shipwrecks Bar & Grill

9356 Neck Yoke Road (just 10 minutes from Rapid City on Hwy 16)

Rapid City, South Dakota 57702

PROPERTY DETAILS

Property: 8 Suites (2 Family suites/ 3 Deluxe suites/ 3 Loft Suites), Restaurant (Shipwrecks Bar & Grill),

4 all season Campsites and 3 bedroom home with 2 car garage.

Acres: 1.94 Zoning: General Commercial
Years Built: 1918, (homestead) & 1994 (BNB & Restaurant)

 Property Highlights

• Established, multi-income, full amenity resort/Inn along Hwy 16 (the road to Mt. Rushmore)

• 8 guest suites & 4 RV sites

• Popular iconic restaurant with full bar

• Ideally located in the heart of the Black Hills, Sweetgrass Inn is nestled in the valley of Spring Creek with easy access from Hwy 16.

• Restaurant has exposure from Hwy 16. RV sites and BNB suites are hidden from the busy highway

• Property is close to all the sights in the Black Hills - 15 minutes to Mt Rushmore,  30 minutes to Crazy Horse and Custer State Park to the south, 45 minutes to Deadwood/Lead to the north, and 10 minutes to Rapid City to the north •  Many popular attractions are minutes away.

• Restaurant was renovated twice in the last 5 years and was just recently re-done in April 2020
• All rooms have been upgraded
• Home has been renovated in 2019-2020
• Over $100,000 in upgrades in the last 5 years
• Revenues continue to climb both in the Restaurant and Bed & Breakfast

Property Improvements:

*Restaurant

        * New bar and bar equipment 2019/2020

        * New freezer walk-in 2019

        * New walk in cooler 2016

        * New kitchen equipment (fryers, cooling table) 2017

        * New hot water heater 2017

        * Renovated in 2020

* Home

        *New Carpet in 2017

        *Renovated kitchen Cabinets in 2020

        *New Central A/C in 2020

        *New Windows in 2020

        *New Garage Door Openers-2020

*Bed & Breakfast

        *2 Rooms renovated in 2020

        *2 rooms renovated in 2019

        *2 rooms renovated in 2018

        *2 rooms renovated in 2017

        * New AC units 2016

        *New Door locks in 2016

        *New Hot water heater 2018

Campsites

*All 4 campsites upgrade to all season water systems 2019

*New Well house equipment-2019/Roof Structure in 2020

Summary: Property is a turnkey business that continues to grow revenues and profits. Working ownership is a must for increased profits. The restaurant has become a local’s favorite and hosts many catering functions, live music and other group functions. The bed and breakfast has contracted with many corporations and other business’s and is the first choice for their clients. With continued advertising and marketing, revenue growth will continue to climb.

Listing Information

Property Information