| Pearson's Pond Luxury Inn & Adventure Spa - Gold | |
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OFFERING: $1,850,000 to qualified buyers with cash or bank financing. An excellent investment for a strong business with room to grow. Income capitalization value @ 11% is $2,425,767. Hard asset/real estate value (May 2008 MAI appraisal) about $1,375,000, balance is highly successful business value. Offered Turnkey with furnishings, fixtures, inventory, existing reservations (less service commissions), tour and supplier contracts, client list, media contacts, websites, professional photography, quality assurance specifications, specific training.
REVENUE: Sales from all divisions and packages continue to grow annually. Gross sales in 2008 were $ 583,616, compared to $ 581,159 and $ 552,364 for 2007 and 2006, respectively. Room sales at Inn have risen 22% since 2006, at least partially reflective of the Inn's award and status as Alaska's only AAA Four Diamond and Select Registry property beginning in 2007. Bookings and revenues continue to be strong for 2009. CASH FLOWS AND NET OPERATING INCOME: Cash flows surge during summer season but are strong year round with advance booking deposits. Net operating income in 2008 was $ 315,000, an approximate increase of 11% over 2007 ($284,000), and nearly 33% greater than 2006 ($236,430). Average five-years net operating income through 2008: $ 245,625. "Net operating income" computed after taking into account all expenses, including housekeeping, maintenance and inn keeping costs. After debt service (if bank financed), the business can provide owners with an updated comfortable home, well over $175,000 in income, as well as tax benefits. INN LOCATION: Juneau, Alaska’s capital city, and major tourism destination. The Inn is in a semi-rural area, adjacent to a river walk greenbelt trail, Tongass National Forest Recreation area, lakes, trail system, and bike paths to the glacier. Only 8 minutes to Juneau International Airport, shopping and Glacier Bay National Park & Pack Creek National Monument departures; 15 minutes to Juneau's Historic District. STYLE/BUSINESS: Very profitable Luxury Inn/Destination Mini-Resort. The relaxed, casually elegant Pearson’s Pond Luxury Bed and Breakfast Inn and Adventure Spa (flagship business), has subsidiary-divisions: Alaska Suites Juneau (off-site vacation/corporate condos), Alaska Adventure and Juneau Lodging Guide (travel/tour consulting & booking service), Alaska Wedding Adventures (intimate destination weddings), all of which work hand-in-hand to benefit both guests and owners. BEDROOM/SUITES: 9 Bedrooms, 10 baths total, including condos. 7 guest units, includes 5 private guest efficiency studio/demi-suites at the Inn, plus 2 off-site one-bedroom condos, plus 2 bedroom owners home. All with private entrances, sleeping and living spaces, kitchens or kitchenettes and private baths. Inn guest rooms offer fireplaces (5), Jacuzzis (3), and water view deck or forest/garden views. ACREAGE: 1 acre, professionally landscaped gardens (which have appeared in Sunset), complete with waterfall, fountains, dock, in the wooded rainforest. Inn is perched on small, private lake, dock, surrounded by mountain, glacier and forest views, and regularly visited by wildlife (eagles, ducks, ravens, porcupines). Major trail systems and rivers within walking distance. BUILDING & OTHER IMPROVEMENTS. About 5,500 sf building space (5 guest rooms, public areas and separate private owners home, plus 2 condos). Public areas includes Atrium/business center/reception area. Wi-Fi and high speed internet throughout. Breakfast/Meeting/Game/Laundry Room, small gym, massage room. 2,000 square of outdoor multi-level decking, several gazebos, outdoor hot tubs, dock, waterfall with stream & bridge, campfire pit, ample parking. Various recreational equipment including bikes, paddle boat, kayaks, fishing poles, BBQs, skis. Consistent with its Four Diamond Status, Inn is of good quality and well-maintained. OWNERS HOME: Newly renovated, quality home on-site. This well-maintained home has 2 bedrooms, 2 baths, den, living room, dining area, full kitchen, laundry. Open-plan living, 3 split levels, cathedral ceiling, water-views. New stainless steel appliances, flooring, granite counters, etc. YEARS IN BUSINESS: Continuous since late 1990, over 18 years. Operated year round, though summer is busy season. Parts of fall and winter are quieter, thus allowing ample flexibility to travel if desired. ZONING/PERMITS: Legal and in-place. OCCUPANCY: year round average: 57% in 2008; peak season: 72% (average peak rate: $ 375 per day at Inn; $ 322 per day including condos). AVERAGE DAILY RATE: $222 annual average in 2008, $179 in 2007, including peak, off-peak and monthly stays at condos. Peak season rates range from $319-$499 at the Inn. GROWTH POTENTIAL is good, with many opportunities to target various markets & land to grow. SPECIAL: Alaska's Only AAA Four Diamond Award property, Member of Select Registry Distinguished Inns of North America, Small Elegant Hotels of the World, 2008 Top 10 Romantic Inns, Top 100 Best Wedding Destinations, Top Romantic Destinations in the World, 1,000 Places to See in U.S. and Canada Before You Die. 2007, Most Perfect Stay, Editors Choice in top travel guide books, & dozens more accolades. The Inn, weddings and adventures seen in National Geographic, Sunset, TLC, NBC, ABC, CNN, Fine Living, Outdoor Channel, Atlantic Monthly, Pacific Northwest, Premier Bride, MSNBC, and many more…. Excellent media, community relations & web position. PHOTOS: http://picasaweb.google.com/pearsonspond WEBSITES: www.pearsonspond.com; www.juneau-guide.com; www.alaska-juneau.com ABOUT JUNEAU AREA: Juneau was named #11 in the U.S. Best Places to Live, due to its enviable lifestyle, mild climate, easy access to recreation and nature, highly educated population, low crime, low traffic, clean air, & good economy. A great place to live, work and play. - Located along the famed Inside Passage in Southeast Alaska, Juneau’s mild marine climate averages 32F in winter, 68F in summer, Average summer daylight – 18-22 hours, average winter daylight 6-9 hours. Latitude 58°. 2 hour flight from Seattle, Washington, accessible worldwide via Alaska Airlines or their partners or by ferry/cruise ship. - The population is about 33,000, with a surge during winter/spring for legislative business and the 5 month summer peak tourism season. Juneau is a major tourism destination. As a regional business and shopping center, visitors come year round. Open community spirit, scenic beauty, many venues for social networking & solitude, good schools, university, arts & culture. - Recreation is phenomenal with biking, hiking, kayaking, world-class fishing, whale watching, bear viewing, birding, dog mushing, glacier trekking, zipline canopy adventures, sailing, winter skiing, snowboarding, as well as museums, galleries, theater, concerts, shopping. For more information, see www.traveljuneau.com FOR MORE INFORMATION ON THIS LUXURY INN & ADVENTURE SPA, email or call us at 907-789-3772. Pre-qualification and Confidentiality Agreement apply. Be aware that bank financing will require a downpayment of approximately $ 700,000. |
Price: $1,850,000
City: Juneau
State: AK
Country: United States
Number of Rooms: 7
Rooms Description: All 7 guest rooms offer private entrances, sleeping and living space, kitchen/ettes and bath. 5 guest rooms with fireplace, 3 with Jacuzzi, most with waterview deck.
Number of Baths: 0
Yearly Revenue: $582,000
Highest Room Rate: $499
Associations: Select Registry, AAA Four Diamond Award, Small Elegant Hotels of the World
Owner Quarters?: Yes Owner Quarters Description: Newly renovated, quality home on-site with 2 bedrooms, + office, 2 baths, living & dining areas, full kitchen, laundry. Open-plan living, 3 split levels, cathedral ceiling, water-views. New stainless steel appliances, & granite.
Acreage: 1
Website URL: Visit
Years as Business: 18
Broker Contact Info: Steve/Diane Pearson, 907-789-3772, spearson@gci.net
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