BUSINESS OVERVIEW
Tucked away in a small harbor on the north end of Chicagof Island in southeast Alaska,
Elfin Cove is a luxurious home away from home for however long guests plan on visiting.
Just outside the protected harbor, a true Alaskan experience unfolds. Guests pass through
Cross Sound and Icy Straight making their way through the rugged coastline of Chicagof
Island. This breathtaking journey includes miles of coastal beaches, deep fjords, tidewater
glaciers and wind-swept shorelines. Whether it's an eagle soaring in the skies above or a
whale surfacing, each incredible sight is a testament to Alaska's beauty. This flask-shaped
harbor has no roads – just a one mile boardwalk, used by locals and visitors alike. The
boardwalk connects one side of the cove to the other. Located only 85 air miles from
Juneau, Elfin Cove is easily accessible by float plane or boat. Once here, guests will find a
quiet little village consisting of a handful of buildings including a post office, liquor store, and
a general store.
Eagle Charters is located along the quaint boardwalk within the breathtaking views of Elfin
Cove. As guests arrive, their worries from home suddenly disappear as they become fully
immersed within some of the most beautiful views in the world. The location provides guests
with a unique and secluded atmosphere that inherently provides a comforting peace of
mind. The lodge is now designed to accommodate about 600 guests/year or during a typical
fishing season (Memorial Day Weekend to Labor Day Weekend). Eagle Charters strives to
offer customers a personalized and unforgettable experience. They offer both private and
shared accommodations and go to great lengths to ensure every stay is everything a
customer would expect it to be and more.
Business highlights
Very profitable fining lodge in beautiful SE Alaska. Always full, with many customers booking years in advance. Has experienced in house management and capable employees.
Current cap rate greater than 16%. Can have two objectives: 1. to just maintain business as is, and in 5 years, if desired, market the business at 10% cap rate or $10 million for profit of $4 million. While generating NOI of over $1 myn per year!
Or #2 grow business to $1.5 million NOI in 5 years and market at 10% cap or $15 million. Not bad on $6 million investment!
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