Profitable Inn & Vacation Rental business in mile-high Idyllwild, CA
| Asking Price: | $2,320,000 | Inventory: | |
| Gross Revenue: | $611,121 (comments below) | Real Estate: | $1,266,400 ++ |
| Cash Flow: | $297,757 (comments below) | FF&E: | $251,692 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 estimate - inn & vacation rentals | |||
| Cash Flow Comments: 2008 estimate - inn & vacation rentals | |||
Quiet Creek Inn & Vacation Rentals is the premier lodging establishment in the mile-high mountain community of Idyllwild, CA. The inn’s five duplex cabins (10 guest rooms made up of 5 studios & 5 suites) were built in 1986 on 6.5 heavily wooded & secluded acres along Strawberry Creek. The original property purchase included a spacious 3-bedroom residence (app 1822 sq ft built in 1951) & a horse barn. The current property is comprised of 3 parcels including over ¼ mile of beautiful creek, dramatically enhancing its value. There is ample parking for inn guests & vacation rental check-ins as well as a large meadow area & large deck for special functions & events.
Continuing improvements have been made to the marketing, furniture, furnishings, vehicles, grounds & residence. Occupancy averages have run from 50% to 62% since 2005 (better than industry averages), but the biggest enhancement to the revenue of the business has been the growth of the vacation rental business: grown from 9 vacation rental cabins in 2005 to over 45 under contract in 2008. The gross lodging revenue had increases from 19.75% to 31.2% every calendar year since 2005. Despite a challenging economic climate, revenue for 2008 is expected to be 10% over 2007.
Quiet Creek Real Estate was incorporated into the inn’s web site in 2005. Real estate clients come from the large pool of guests & vacation rental owners. In March 2007 a travel web site was purchased from which commissions for travel can be earned. The site is QuietCreekTravel.com & is part of the main navigation bar of the Quiet Creek Inn site.
All businesses are operated from the office at Quiet Creek Inn. The location is app 1 mile southwest of the village area of Idyllwild, less than a two-minute drive or 15-minute hike through the county campground. There is hiking on the property along Strawberry Creek & there are trails a block away, which lead to Nature Center Trails that connect to Deer Springs Trailhead from which one can hike in to the alpine high-country.
NOTE: Quiet Creek Vacation Rentals is available separately for $425,000
Continuing improvements have been made to the marketing, furniture, furnishings, vehicles, grounds & residence. Occupancy averages have run from 50% to 62% since 2005 (better than industry averages), but the biggest enhancement to the revenue of the business has been the growth of the vacation rental business: grown from 9 vacation rental cabins in 2005 to over 45 under contract in 2008. The gross lodging revenue had increases from 19.75% to 31.2% every calendar year since 2005. Despite a challenging economic climate, revenue for 2008 is expected to be 10% over 2007.
Quiet Creek Real Estate was incorporated into the inn’s web site in 2005. Real estate clients come from the large pool of guests & vacation rental owners. In March 2007 a travel web site was purchased from which commissions for travel can be earned. The site is QuietCreekTravel.com & is part of the main navigation bar of the Quiet Creek Inn site.
All businesses are operated from the office at Quiet Creek Inn. The location is app 1 mile southwest of the village area of Idyllwild, less than a two-minute drive or 15-minute hike through the county campground. There is hiking on the property along Strawberry Creek & there are trails a block away, which lead to Nature Center Trails that connect to Deer Springs Trailhead from which one can hike in to the alpine high-country.
NOTE: Quiet Creek Vacation Rentals is available separately for $425,000
About the Business
Year Established:1986
Employees:8 part time
Facilities:The inn is located on 6.5 heavily wooded acres along Strawberry Creek. There are 2.82 gently sloping acres where the residence, barn and five duplex cabins are built. Below the residence and duplex cabins are 3.68 acres of Strawberry Creek that runs for approx 1/4 of a mile. Each duplex cabin is app 700 sq ft and each offers a studio and one-bedroom suite with private entrances and decks. The residence and office comprise approximately 1822 sq ft. The former barn is now the guest lounge, maintenance, staff bathroom and storage.
Market Outlook and Competition:Quiet Creek Inn & Vacation Rentals is the premier lodging business in the Idyllwild area with nearly 50% repeat guests & close to 13% referrals. The business has excellent relationships with the largest employer in the area, Idyllwild Arts Academy, other innkeepers, and the real estate & retail communities. Quiet Creek Inn is ranked number 1 in both TripAdvisor.com and Yelp.com, has been recommended by Sunset Magazine & Sherman’s Travel Magazine, & ranks top 10 naturally & top five pay per click on all major search engines for Idyllwild specific searches.
About the Sale
Reason For Selling:One of owners is retirement age and wants to spend more time with family.
Attached Files - Attachment Disclaimer
 | Summary & Photos - Executive Summary & Detailed Description with Photos. | ||
| Average Daily Rates - 4 year History | ||
| Days of Inn Occupancy - 4 yr History | ||
| Inn Occupancy Percentages - 4 yr History | ||
| Inn & Vacation Rentals Gross Revenue - 4 yrs | ||
| 2007 NOI | ||
| 2008 Projected NOI | ||
| Pricing Methodology |
KEYWORDS: Idyllwild, Inn for sale, bed and breakfast for sale, b and b for sale, Vacation Rental bus op for sale, inn, hotel, motel, vacation, rental, lodge, stay, bed and breakfast, b and b, bed & breakfast, b & b, creek, lodging, mountain, idyllwild, california, riverside, mountains, mountain
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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