One of the primary engines powering the Pacific Northwest economy are the privately held and family owned manufacturing plants, wholesale & distribution companies, retail businesses, technology firms, service companies, wineries & hospitality businesses, and professional practices that operate within the borders of Washington, Oregon, & Idaho. IBA has successfully negotiated and facilitated the sale over 4000 companies from these seven general industry categories since 1975. Our past transactions have included retail businesses in regional malls, marine oriented manufacturing plants in coastal communities, celebrity owned restaurants, cat oriented veterinary hospitals, software & E commerce businesses, franchises, promotional product companies, accounting practices, neighborhood florist shops, art galleries, and even a wholesale balloon distributor.
The simple fact is that IBA in almost half a century of representing business owners has sold almost every type of business that participates in the Pacific Northwest economy. This transactional experience provides IBA’s professional business brokers with the market knowledge required to successfully complete transactions for our clients that accurately incorporate current market conditions and industry specific information.
SOLDOTNA INN & MYKEL S RESTAURANT & BAR
Location: 35041 Kenai Spur Highway, Soldotna, Alaska 99611
Parcel Size: 31,799 Sq. Ft. subdivided into 2 parcels.
Legal Address: Soldotna Junction Sub Addn # 2 Replat Lot 3A & Lot 28 Block 6
Building: 15,100 sq.ft. 18 unit motel plus 2 ea 2 bedroom apartments & 1ea 1 bedroom managers apartment, a 75 seat restaurant, 25 seat bar and a 50 seat banquet room, entire building has a sprinkler fire suppression system. Originally constructed in 1979 has been remodeled and is well maintained. New roof 2006, new boiler in 2005, new stair railings in 2011 and is in the process of installing a new hood system in kitchen area.
Taxes: 2011 real estate tax - $5,460 for Lot 3A and $226 for Lot 28
Utilities: City electric, city sewer & water, phone & cable TV, wireless internet
Details: Year round well established & profitable motel, restaurant, bar and banquet room business with 14% cap rate. Located in the city of Soldotna approximately a mile from the famous Kenai River which has one the largest salmon runs in the world each summer.
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