Services - Hotels & Other Lodging | Services - Other Miscellaneous services

Asking Price	$2,300,000	Inventory
Gross Income	$440,000	Real Estate	$2,300,000**
Cash Flow	$225,000	Year Established	1995
FF&E	$75,000*	Employees	3-5

* included in the asking price

** not included in the asking price

We consider The Apple Orchard Inn in Durango, Colorado to be one of the best managed hospitality properties in the state. With cash flows that will support an 80% loan, the property has already obtained loan approval by a local commercial bank and the SBA. Now, all that awaits its sale is a creditworthy buyer. The bed and breakfast carries the highest quality ratings awarded to this class of hospitality lodging. Occupancy figures approach 70% year round and the business is experiencing its best year yet. Durango, Colorado used to be a best kept secret but now the word is out. Surrounded by some of the best outdoor activities available in the state, this historic town is vibrant and filled with top notch shopping and dining. It's a great place to live and visit. The Apple Orchard is situated approximaty halfway between downtown Durango and the ski resort Durango Mountain. This busy inn is ideally situated to garner both summer and winter tourists. Don't miss out on one of the finest bed and breakfast properties in Colorado! Call now for more details. For photos and additional information, please click on the link aabove.

Facilities: The property consists of approximately 7000 SF, divided into a two story main house, six intimate cottages and a 900 SF studio apartment. The cottages range in size from 350SF to 450SF. There are several water features on the property and about 4.5 acres of beautifully landscaped grounds. There is an old apple orchard at the front of the lot. There is a oversized garage and laundry that is detached from the main house and has a 900 SF studio apartment overhead.

Competition: There are a number of lodgin properties in the town of Durango as it is a destination resort area. None match the elegance and superior management of the Apple Orchard Inn.

Growth/Expansion: This is a stable mature business. Revenue growth should track in line with Durango area hospitality industry

Financing: Approved for 80% financing using SBA 504 loan with local banking partner

Support/Training: Seller will provide appropriate training for buyer

Reason Selling: Owners retiring