Barkwells, The Dog Lovers' Vacation Retreat

Mills River, North Carolina
barkwells.com
my.matterport.com/show/?m=LhsRPvBWGxQ
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Property Type
Bed & Breakfast / Inn
Guest Rooms
16
Baths
16
Restaurant
No
Owners Quarters
Yes
Asking Price
$3,349,500

Occupancy Rate
80%
Average Daily Rate
$370
Gross Revenue
$750,000
Gross Revenue Multiplier
5

Property Overview

Barkwells is a dog-centric, short-term vacation rental business with 8 stand-alone cabins near beautiful Asheville NC. This 17-year-old business is designed for clients who want to vacation with their dogs. Barkwells has experienced consistent revenue growth since its inception in 2004, 80% occupancy rates and an ADR of $370.00, above the general market rate. This turnkey business provides the owners a strong net operating income and a peaceful, fulfilling lifestyle.


Property Description

Barkwells totals 8.9 acres with fully fenced meadows and a pond, located between Asheville, Hendersonville and Brevard. Furnished and equipped cabins range from 1 BR plus loft and 1.5 BA to 2 BR plus loft and 2.5 BA each with a hot tub, fireplace and fenced yard. The office and covered porch are centrally located for guests, who can also enjoy the creekside fire pit and picnic area. The on-site manager's residence has commercial laundry, storage and an office in the basement. The property has multiple well and septic systems. The property is maintained daily with no deferred maintenance.


Business Description

The owners developed this unique vacation rental concept, fully staffed with Barkwells admin, housekeeping and maintenance ensuring high quality standards. The dog-centric cabins and private yards with fenced common area intersects WNC’s booming travel market and growing $99 billion pet industry. Attention to detail is a core value - from purchase of luxurious furniture to doggie sheets for dirty paws. This attention to detail includes value-added guest amenities and environmental stewardship. These are some of the many reasons that return clients make up over 50% of annual bookings.


Reason for Selling

After 17 years, the creator-owners are ready to retire and pass this business on to new owners.


Terms & Asking Price

Conventional financing is preferred but owner financing would be considered.