1545 NW 57th St
Seattle, WA 98107
Ballard Place Condominiums · Multifamily Property For Sale · 9 Units

---Ongoing business. Please do not disturb. Please contact listing agent for address--- Newly-renovated lodge, cabins, restaurant & bakery in Pierce County A truly special opportunity to reap the rewards of a recent quality renovation servicing the 2 million tourists visiting Mount Rainier each year. 100% occupancy during peak season Mid-May to Mid-October. Remodeled by the owner and expert contractors using the highest quality rustic finishes: Hand-scraped solid wood floors, furniture and Venetian wall finishes throughout for a rustic, cozy feel throughout the village. Log cabins are all remodeled with attention to detail. The lodge acts as the village center and includes a full kitchen and bakery with high-end upgrades including $12K in stainless steel wall finishes and new kitchen equipment. Over $1 million was invested in the business in 2017 and this new bed and breakfast opened in July 2018. Beautiful grounds connect the village’s cabins, lodge and amenities and are navigated by a path of natural log rounds. The bakery bar and several furniture features are crafted from trees on the property. Bakery goods are made fresh daily. The caring staff of six meticulously handles food prep and house cleaning with a high quality standard. Clay pizza oven in the restaurant adds to the ambiance, warms the lodge, and acts a conversation piece. Additional revenue streams including the restaurant claimed by residents to be “the best food around” ; $10-20K/year in tire chain rentals since chains are required at Mount Rainier- this bed & breakfast is the first to advertise chains at the base of the mountain; beekeeping near the property (included in sale) generates local honey and acts as a great tourist gift. The new restaurant is forecasted to do $100K/mo based on the past year’s growth. The bakery’s “free breakfast” policy was recently revised to become an additional revenue-generator. Two weddings are booked through 2021 with opportunities to continue expanding wedding bookings with a brand new wedding facility, changing spaces and newly-designed banquet room. On-site laundry facility keeps laundry expenses in-house. This is a turnkey opportunity where no additional remodeling work is needed; the staff is already trained with high standards and the new owners can either live on-site or become absentee owners. REVENUE: $800K restaurant/bakery $500K lodging gross sales $80K weddings $100k alcohol $10K chain rental $5-10K honey Revenues are based on the business’ partial first year and are projected to grow in all areas Real estate listed in partnership with business brokerage by Paulson Exchange