Business Overview

PRICE REDUCED Remodeled 2019 Kenai River Lodge B&B just under 7,000sf Up-scale 12 bedrooms 11.5 bathrooms, 2 kitchens, 2 car garage One of the FINEST LODGES ON THE KENAI close to town, inside city limits with city water and sewer. Great attention to finest details and clients comforts has been the protocol for this complet remodel.
Features

VISIT THEIR WEB-SITE https://alaskafishinglodges.us/

Garage: 2 car converted to Storage & Supply
Chef’s Quarters : Located behind commercial kitchen with private entrance
Bathrooms : 12 Guest accomodated bathrooms
2 Kitchens : 1 Full Commercial Kitchen & 1 Breakfast / lunch kitchen
Lounge & Bar : Full Bar & Lounge Game table, TV & sofas
Patio Room : Regulation Pool Table & gathering area
Living Room : Large Room overlooking the Kenai River
Formal Dining Room : Large Room will accomodate 30 guests
Porches & Patios : Multiple outdoor Living Areas
River Walkway: Private walkway with new Dock & Fishing Platform
Parking : Ample off street parking for guests
Furnished : Completely furnished with inventories
Year Round Living : Fully equipped for year round guests & Residence
Zoning: Rural Residential
Sub Type: Comm Bus Opp
Year Built: 1980
View: River
Waterfront: Kenai River

Financial

  • Asking Price: $1,695,000
  • Cash Flow: N/A
  • Gross Revenue: $1,200,000
  • EBITDA: $400,000
  • FF&E: $200,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2015

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:7,700
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

just over 7,000sf Up-scale 12 bedrooms 11.5 bathrooms, 2 kitchens, 2 car garage. Garage: 2 car converted to Storage & Supply Chef's Quarters : Located behind commercial kitchen with private entrance Bathrooms : 12 Guest accomodated bathrooms 2 Kitchens : 1 Full Commercial Kitchen & 1 Breakfast / lunch kitchen Lounge & Bar : Full Bar & Lounge Game table, TV & sofas Patio Room : Regulation Pool Table & gathering area Living Room : Large Room overlooking the Kenai River Formal Dining Room : Large Room will accomodate 30 guests Porches & Patios : Multiple outdoor Living Areas River Walkway: Private walkway with new Dock & Fishing Platform Parking : Ample off street parking for guests Furnished : Completely furnished with inventories Year Round Living : Fully equipped for year round guests & Residence Zoning: Rural Residential Sub Type: Comm Bus Opp Year Built: 1980 View: River Waterfront: Kenai River

Is Support & Training Included:

Up to one season as needed

Purpose For Selling:

Seller has other Interests

Pros and Cons:

One of the Finest & profitable Lodges on the Kenai River with paved roads and close to shopping, medical facilities & other entertainment.

Additional Info

The venture was started in 2015, making the business 7 years old.

The business has 4 employees and is located in a building with disclosed square footage of 7,700 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell operating businesses. Nonetheless, the real factor vs the one they say to you might be 2 completely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competition, current reduction in profits, or a variety of other factors. This is why it is extremely vital that you not depend entirely on a seller's word, however rather, use the vendor's answer along with your overall due diligence. This will paint a much more practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that earnings margins are too thin. Lots of companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract brand-new customers? Often times, businesses have repeat customers, which form the core of their daily revenues. Certain aspects such as new competition sprouting up around the area, road construction, as well as staff turn over can influence repeat consumers and also adversely affect future earnings. One essential point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the higher the opportunity to build a returning client base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood average family income influence future income prospects?