The Bluebird Inn

Fish Haven, Idaho
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Property Type
Bed & Breakfast / Inn
Guest Rooms
10
Baths
10
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,500,000

Occupancy Rate
84%
Average Daily Rate
$163
Gross Revenue
$34,000
Gross Revenue Multiplier
44

Property Overview

The Bluebird Inn B&B lays alongside Bear Lake in Fish Haven, Idaho (Certificate of Excellence (2015), TripAdvisor. Overlooking beautiful Bear Lake, The Bluebird Inn Bed and Breakfast is located one half mile into Idaho from the Utah border. Near snow skiing, snowmobiling, ice fishing, hiking, boating, fishing, trails, recreational areas abound. Compare to Lake Tahoe area 50 years ago due to its location to Wyoming, Idaho, Utah summer recreation roads that pass through the area, National Parks.


Property Description

The Inn offers first class accommodations surrounded by the gorgeous scenery of the Bear Lake Valley. Three separate buildings currently built for overnight guest stays/Corporate Training's & Retreats/On location destination weddings/reunions/events. More land available to build on (.50 acres). Views, location, charming main farmhouse with more contemporary structures for added use. There used to be a restaurant in the garage/storage area of the A-Frame bldg. It is used to store event and family items now.


Business Description

The Business has only been open for an average of 5 months of the year, weather permitting. It could and should be a year-round resort location. The marketing has been less than it deserves. It has been a family summer effort to run, rather than a business to make an Investment for financial development. The land and current buildings could be maximized to add more accommodations meeting rooms, etc. There is so much more that this property, business could be. It is very well cared for and loved, just not worked to its potential. Summer average room rate for similar properties is near $300 a night.


Reason for Selling

Family no longer is able to run the Inn.


Terms & Asking Price

Cash, seller financing, conventional investment commercial loan.