Sea Cliff Gardens Bed & Breakfast - Waterfront

Port Angeles, Washington
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1,850,000
Asking Price
6
Guest Rooms
6
Baths

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Property Overview

Perched high on a seaside cliff overlooking the Strait of Juan de Fuca in the Olympic Peninsula (between Sequim & Port Angeles) is an award-winning bed & Breakfast. The strategic location is just 20 minutes from the entrance to Hurricane Ridge - the most popular attraction within the Olympic National Park. This purposely built structure with spectacular grounds and well-appointed rooms with intricately carved antiques boats water views from each Gust Room.


Property Description

No Restaurant
Owners Quarters

In addition to the Innskeeper's Quarters in the Main House, there is a separate (detached) home of 1,287 Square Feet with 2 Bedrooms & 2 Baths and floor-to-ceiling windows (built in 2015) that can be rented separately as a vacation rental while the Owners live in the 6-Bed / 6-Bath Main House. There are ocean views from every room and private outdoor or interior Jacuzzis in 4 of the rooms. Guests enjoy Fireplaces, TVs & CD players, central A/C and complimentary WiFi to go with wholesome breakfasts served on fine china.


Business Summary

50%
Occupancy Rate
$370,000
Revenue Per Room
$328
Average Daily Rate
$251,000
Gross Revenue
7 x
Gross Revenue Mulitplier

Seller projects that the separate (detached) house could rent for $2,500 per week as a vacation rental during the Summer months. This B & B has been successful for 23 years and is Rated #1 or #2 on the Peninsula for the past 7 years and is Tripadvisor's 2020 Traveler's Choice Winner!


Reason for Selling

Seller is retiring after 7 years of owning and operating the B & B.


Terms & Asking Price

Cashout


Location

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