All Seasons Inn $525,000

All Season Bed and Breakfast Inn, Fairbanks, Alaska. Downtown at 763 7th Avenue between Barnette and Cowles Streets, 4808 square feet, zoned light commercial. Large, cedar fronted building offers 16 interior rooms, living/reception room, dining room, gathering room with wet bar, sun porch, kitchen, office with half bath, eight bedrooms each with private bath, cable TV, and wifi, screen porch, ADA accessible by ramp, outside decks and sheds, lots of storage inside and outside, five entrances, six parking spaces with plug-ins, easy to maintain yard fully landscaped in rock. The building is spacious inside and outside, is very well maintained, and has a four-plus star energy rating.

All Seasons Inn is well established and has been in operation since 1994. It brings in sufficient income to cover all the owner’s business and housing expenses. Image yourself living in a large, spacious home that is financially self-supporting.

To test the inn’s marketing footprint, go to a bookstore that has an Alaska travel section and look through the guidebooks. If the guidebooks make recommendations for lodging in Fairbanks All Seasons will likely be found. Try these, Frommers, Fodors, AAA, Alaska’s Best Places, Alaska for Dummies, Moon’s Alaska, Lonely Planet, and The Rough Guide to Alaska. Frommer's Alaska travel guide selected All Seasons Inn for its "Best of Alaska" category saying, "The design and decoration are inspired and detailed and the housekeeping perfect."

Every now and then an international guest will show us a guidebook in their language that mentions All Seasons, such as Alaska and Kanada Yukon in German, Earth Print from the United Kingdom, and The Globe Trotter published about Alaska in Japan and Australia.

Our foot print on the web is quite deep. All Seasons has a well designed web site that is up to date and performs strongly in web searches. Due to the many reviews and links to the All Season web site has a great organic search engine presence. Type in any combination of Fairbanks Inn or Bed and Breakfast, and All Seasons Inn will appear in the result on the 1st page, no matter the search engine. This speaks to the excellence of the site and not the owner’s web skills.

A review of the income and expense demonstrates the business generates sufficient income to cover all operating costs, such as insurance, maintenance, heating, electric, water, cable TV, internet, cell and telephone and more. For the current owner it also pays mortgage and labor expenses. Mortgage and labor costs for a new buyer will depend on their situation, i.e., mortgage interest rate, terms, credit history and down payment. Labor cost will vary depending on the owner’s level of participation.

The Inn is an ideal scenario for a couple where one person operates the Inn and the other works an outside job. The current owner runs the inn with employee help so it is very doable for one person. A second income thus becomes largely discretionary given the Inn is not only self supporting but is a good investment. With a 15 year mortgage a new owner could own the Inn outright, all the while living in it at no cost, which is an ideal way to be self supporting and build equity for retirement.

But owning a B&B is not just an investment; it is a wonderful life-style. If you enjoy people from all over the world this is a perfect job. There is a pride of ownership, a connection to the community as a small business owner, and the reward of working for yourself and being your own boss. If you are adventurous and self-reliant then All Seasons and Alaska may be the right decision. Be sure to pack a winter coat, a sense of humor, and your tenacity.

The business is being sold turn key. The sell includes the building, furnishings and furniture, appliances, the entity, S-Corp and name, phone numbers, web site, in place marketing and advertising, goodwill, and all current and future bookings. A new owner could be in business tomorrow. So, bring your check book and your pajamas!

The property is suitable for many purposes. It could be used as a large single family home, an office building, a professional office with a home residence, a group home, an assisted living facility, multiple residence or as its current use as a bed and breakfast. The property is being sold turn-key and includes all furniture, furnishings, and fixtures. An offer to purchase just the building might be considered if the terms are agreeable. Financial records for the bed and breakfast are available to pre-qualified buyers.

Please contact Mary at 907-451-6649 or inn@alaska.com if you would like to discuss any aspect of the sell or business.