The Orcas Hotel (price lowered)

Orcas, WA (San Juan County)

Seller Financing Available
Orcas Hotel Front porch View

Asking Price:$1,695,000

Cash Flow:$120,000

Gross Revenue:$1,100,000

EBITDA:N/A

FF&E:$380,000

Inventory:$15,000

Real Estate:$1,400,000

Established:1998

The Orcas Hotel (price lowered)

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Business Description

The Orcas Hotel, Cafe and Bistro

The Orcas Hotel has 12 rooms, a 9 table restaurant and an espresso cafe for breakfast and lunch. I have owned this property with my family for the last 18 years. It has been a great experience raising my kids in and operating the hotel as a family business. The ability to teach them work skills, how to deal with the public and to accomplish something together as a family. This would be the perfect business for a young couple with a desire to be in the culinary arts and still have a lot of family time. The hotel also produces about $250,000 in room sale to help support the overhead, most every system in the hotel has been updated.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
8,000
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The sale includes all furniture, fixtures and equipment
Competition:
We are located on Orcas Island, right next to the ferry dock, so we have thousands of visitors walking thru our hotel and property when they get on the island and when they leave. It is also a great place to stay on the island and visit the other island. We do have some competition for the lodging dollars, but have an advantage over most do to the ease of turning over the rooms nightly and not requiring an two or three night stay.
Growth & Expansion:
Could expand rooms or further update the facility. Cost vs benefit for me at my stage of running the hotel does not work. For a new owner the updating and expansion could be an option.
Support & Training:
I would be agreeable to training and supporting the building and business until you feel confident in running it.
Reason for Selling:
Time to move on, family is now raised and it is my turn to do something else
Business Website:
http://www.orcashotel.com

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Business Listed By:
Doug Tidwell

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