Successful Bed and Breakfast for sale for 1.4m in the magnificent and bustling town of Moab, UT; gateway to Arches and Canyonlands National Parks. The property was built in 2014 and turn key fully furnished with 10 bd 8.5 bathrooms. Company financials, as well AirDNA data analytics indicate an average nightly rate of $195 with a 61% occupancy rate; 250-450k/yr in gross annual revenue. Operating expenses including a mortgage payment would be between 80-90k/yr, with additional revenue streams from long term rentals and the potential build out of an additional unit. There is also the opportunity to rent out the house portion of the property whole; in this scenario maximum gross income from nightly rentals could top $450,000. Property has a highly sought after short term rental permit in perpetuity, while there is a moratorium on new permits and a very limited number issued in the Moab area. The plan is to eventually offer backcountry equipment, trip outfitting, corporate retreats, camper van, and ohv rentals out of this location generating further value to our clienteles and subsequent revenue. ISO of an investor/partner to acquire the property (Down payment, loan/title cosigner), in return 90-100% of the profits will be returned to you until you double your investment within 2-3 years. The property has the potential for additional revenue streams to be created out of it; my plan would be to launch a trip outfitting, corporate retreat, backcountry equipment, camper van, OHV rental business to complement the BnB.
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