The Wild Iris Inn
SOLD

La Conner, Washington
www.wildiris.com

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Property Type
Bed & Breakfast / Inn
Guest Rooms
18
Baths
20
Restaurant
Yes
Owners Quarters
Yes
Asking Price
$2,395,000

Occupancy Rate
57%
Average Daily Rate
$159
Gross Revenue
NA
Gross Revenue Multiplier
4

Property Overview

The Wild Iris Inn - La Conner, Washington.


Property Description

The Inn has 18 cozy and romantic rooms all of which feature the latest in amenities. 12 of the rooms have jetted spa tubs, gas fireplaces and private deck or balcony. The Inn's dinning room seats 22 at individual tables and the conference room has a seating capacity of up to 36 people conference style and 50 theatre style. A complete commercial kitchen nicely facilitates breakfast preparation and conference catering. The Inn's housekeeping operation has an expansive inventory of fine linens, toweling and bath products.


Business Description

The Inn has garnered many awards including being named the Best Romantic Retreat in Washington State for 2011 and featured on the Discovery Channel. It is consistently ranked the #1 Inn in La Conner, WA by TripAdvisor. The Inn enjoys a strong repeat customer base.


Reason for Selling

The owners wish to retire.


Terms & Asking Price

Cash Out.