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Seller Financing - Forks Motel

Forks, Washington (Clallam County)

Services - Hotels & Other Lodging

Asking Price $3,300,000 Inventory  
Gross Income $900,600 Real Estate  
Cash Flow $363,600 Year Established 1970
FF&E N/A Employees N/A

* included in the asking price

** not included in the asking price

Built in several stages, the Forks Motel enjoys a magnificent setting on the Olympic Peninsula surrounded by the natural beauty and majesty of the Olympic National Forest. The property offers ample amenities for guests including seasonal pool, free wi-fi, guest laundry, and more. The property has 73 guest accommodations, ranging from standard hotel type accommodations to full-kitchen suite units with separate bedrooms, Jacuzzi suites and kitchenette rooms. Property is pet friendly and all non-smoking rooms. Guests enjoy complimentary morning coffee in the lobby, fax and copy services and fishing guide referrals. There is room to expand potentially. Property also offers expansive, separate and private owner/manager quarters. Building size is per appraisal and buyer shall make own investigations into this and all other information. Contact Broker for details and views. DO NOT DISTURB GUESTS OR EMPLOYEES. The town of Forks and the surrounding region is the setting for the wildly popular Twilight book series and recent movie franchise. The town attracts fans of the series and capitalizes on the popularity of the franchise with tie-ins through the Chamber of Commerce and retail establishments throughout the area. In addition the town appeals to hunters, fishermen, hikers and other outdoor enthusiasts year round. Appraised at $3.3m. 11% Cap Rate on actuals including management and reserves. 22% Cash Return on proposed financing.

Facilities: Largest Motel in Forks and located on Highway 101 in the heart of town Forks is setting for wildly popular "Twilight" movie and books Well run currently with upside for Owner/Operator andGenerous living quarters on-site Potential Room to Expand and Possible to Franchise if desired USDA, SBA, and Private Financing Possible with appropriate down payment 11% Cap rate on Actual, 14+% on 2009 Actual & Projected with 22% ROI!

Competition: Nicest Motel in town - well located on Highway 101

Growth/Expansion: Franchisable if desired, room to expand.

Financing: Available with 25% Down for Qualified Buyer

Support/Training: Negotiable

Reason Selling: Retirement

Business For Sale By

Joseph Kennedy

503-530-1316

Crystal Investment Property

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Contact the seller about this Seller Financing - Forks Motel

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