31 Main St, Sperryville, VA 22740

Property Description

Before&After is a vibrant and highly profitable business opportunity with three profit centers, a coffee shop/bakery/café, a suite of rental offices and a vacation rental apartment. The businesses are housed in a historic Virginia vernacular house, known as the Engham House which was built circa 1857, and a mercantile addition was built circa 1900. It is located at 31 Main Street in the charming town of Sperryville, Virginia. All three profit centers have substantial upside potential. THE BEFORE&AFTER COFFEE SHOP is a premium, community-focused independent coffee shop serving specialty coffee, artisanal baked goods, salads, soups and sandwiches. It is strategically located on Sperryville’s historic Main Street, and it has a fiercely loyal customer base of locals, weekenders and tourists. It is often described as Sperryville’s Living Room due to the regular gatherings of local customers. It is a turnkey, fully equipped and fully staffed operation. RENTAL OFFICES are in the upper level of the building and are accessed from a 24-hour distinct entry that does not interfere with the coffee shop. There are three offices and a common restroom. There is a conference room on this level that is available to office tenants by request. These offices rent for $350-$450 per month and have been consistently rented until recently when the owner removed one from rent for storage needs. THE VACATION RENTAL APARTMENT is located on the second level of the original historic building with its own access via a secure electronic lock. The rental, currently available on Airbnb is a four-room apartment with one bedroom, a living room/kitchen, entry room and bathroom with shower. This facility could easily be converted into a long-term rental apartment. THE ENGHAM HOUSE and its commercial spaces belonged to James Arthur Engham, a remarkable successful African American entrepreneur. The property is a registered Historic Building located in the Sperryville Historic District on Main Street. It is an eclectic, charming and walkable village street with an appealing mix of residential and commercial buildings. The building has an authentic historical ambience and a wonderful rambling appeal. The Before&After coffee shop and its attendant commercial kitchen are on the ground floor and the offices and Airbnb rental are on the second floor. The lot fronts on the Thornton River and the western terminal of the Sperryville River Trail is on the property. The house includes 31 solar panels on the roof that reduce the cost of electricity and generate some revenue. Most of the major operating systems have been updated in the past 10 years including all HVAC, water filtration, metal roof, and siding repair and painting. Both the front and side porches have been recently replaced and the stone retaining wall along the river has been rebuilt with stairs added to accommodate guest access. The price of $995,000 includes the entire turnkey operation including good will, the coffee shop, all furniture fixtures and equipment, catalog of recipes, property management component and the historic real estate. (Note: Some furniture and fixtures in the vacation rental apartment do not convey.) The current owner is very active in the Sperryville community. He is selling to give himself more time for community activities, travel and enjoying the country life.