71166-Lakeside Washington Resort Cabins and Motel

Inchelium, WA (Ferry County)

Seller Financing Available
71166-Lakeside Washington Resort Cabins and Motel

Asking Price:$1,800,000

Cash Flow:$55,000

Gross Revenue:$267,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1920

71166-Lakeside Washington Resort Cabins and Motel

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Business Description

ALL-INCLUSIVE Lakeside Resort with residence! This Washington State resort operates from 39-acre property with buildings totaling over 20,000 square feet of operating space in a rustic lakeside location. This includes a 14-unit motel, 20 log cabins, 32 RV sites and 65 site mobile home park. Approximately 1-3 cabins are updated every fall and spring. The main building was recently renovated and includes a restaurant with registration office, grocery and convenience store. There is a maintenance shop and storage building, a building with restrooms and laundry facilities, and a number of “out” buildings used to maintain water and gas pumps. The company rents the property for $5,500 per month from an entity controlled by the owners. The only promoting done includes company website, Facebook and print media including a fishing magazine and area brochures. A new owner would do well to promote through travel websites and additional travel magazines. This resort is the perfect "Escape from it all," with limited internet access in the region.

Currently, 75% of the company’s revenues derive from log cabin, motel, or RV space rentals. Permanent Mobile Home Park Sites account for 25%, second homeowners seeking a great place to vacation. An opportunity exists to expand this category through the expansion of undeveloped property resulting in year-round income. The company is a seasonal destination resort specializing in fishing, water sports and recreational activities, hiking trails, kayaks, paddleboards, paddleboats, and wildlife observation. The Company offers a wide range of services for its customers including restaurant, convenience store, tackle shop, gift shop, and marina. Though the owners are willing to remain for a few years to assist, they are approaching retirement and excited to see someone with expertise take this company to whole new level! With additional promotions and updates, company profits could soar!

Detailed Information

Employees:
13
Competition:
70% repeat clientele.
Financing:
Negotiable up to: 15.00 %
Support & Training:
Key employees would stay on after the sale and the owners are available for an extended transitioning.
Reason for Selling:
Approaching retirement.

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