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Couples Retreat (luxurious B&B) For Sale

Kelowna, British Columbia
Asking Price:
$1,650,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$100K - $250K (CAD)
Cash Flow:
Available on request

Luxurious B & B (Entertainer's Dream Home) pays for itself!

Appraisal says “effective” age is 5 years as completely refurbished. Most definitely NOT your typical B & B - operates as a very upscale Couple's "Boutique Inn".

Incredible gross revenue of $150+ K every summer (asking only $100,000 for business, $1,550,000 is for property & assets).

Extremely private owner’’s residence (2 bed, 2 bath) has gourmet kitchen & great floor plan, panoramic views of lake, city, mountains & golf course. Central & prestigious "Golfview Estates" close to golf, wineries, OK lake, shopping & restaurants.

Total of 6 bdrms, 7 baths, 2 kitchens & 3 laundry rooms. The Villa has 4 stunning, completely self -contained (private entrances) Jacuzzi suites that step out to a private salt-water pool & pristine gardens with sunny southwest exposure.

Take winters off (I do!) or operate all year, choice is yours!. Every corner EXUDES success & EXTREME pride of ownership. Owner retiring.

The business

• Dream lifestyle, potential winters off
• 20 successful years of 5* operation
• $150,000 + revenue for part-time operation
• $200,000 +++ possible expanding business
• Exclusive market of celebrating couples
• 4 luxuriously private guest Jacuzzi suites
• Sauna & media room with massage chairs
• Professionally designed elegant interiors
• Spacious guest common areas/office/laundry
• Potential to expand market adding services
• State-of-the-art website/reservation system

The Property

• Completely refurbished top to bottom - age "5"
• Stunning 2 bedroom & den top floor residence
• Bright office/concierge area at entrance
• Outdoor sun-drenched salt-water pool
• Prestigious Golfview Estates neighborhood
• Very low maintenance, private & gated property
• Meticulously maintained and lavish gardens
• 2 kitchens, 2 living rooms, 3 laundry rooms
• Minutes from Kelowna International Airport
• Central to wineries, golf courses & the lake
• Property EXUDES pride of ownership

This property is most definitely not a drive by. It's discrete design has it cleverly blending in with the neighborhood. Visiting the website will help you visualize what you will find behind the locked gates at www.AVistaVilla.com

All marketing and procedure manuals are in place for a smooth transition, completely turnkey. Although operated seasonally, deposits are collected year around providing a steady year-around cash flow.

More information available upon request, please contact seller below for further details.

Property information

Real Estate:

Real Property Included

Living Accommodation:

Located on the top floor and totally private and separate from the guest areas, includes two bedrooms, (could be 3 if the new owners chose to operate 3 guest rooms rather than 4). A large bright entry office with two skylights, living room, dining room (with built in mahogany china cabinet and buffet), full bath and a powder / laundry room. Extremely spacious and functional kitchen boasts quartz counter-tops, stainless steel French refrigerator, gas stove/oven and two Miele stainless dishwashers.

Truly an oasis situated in a prestigious residential golf community (above the Kelowna Golf & Country Club). Breathtaking panoramic views encompass Lake Okanagan, the city, mountains and golf course. Incredible central proximity is mere minutes from the lake, the Kelowna International Airport and very near world class golf courses, award winning wineries and ski hills in the heart of the Okanagan Wine Country.

The 4500 square foot property is set on a 1/4 acre of beautifully landscaped gardens with a shaded gazebo and completely private and south exposed in ground concrete (vinyl lined) salt water pool. The grounds are professionally landscaped, has a fenced and completely private rear yard, underground sprinkler system, shed/pool equipment room, brick paver walkways, river rock border, landscape lighting, a large 3 vehicle guest parking area with 3 additional parking spaces on the driveway plus a garage. The pool deck, side deck and driveway were completely resurfaced last year with beautifully stamped and designed concrete.

The interior is in pristine condition and reflects extensive renovations and updating. Materials and workmanship are of excellent quality and the layout is extremely functional. Features include above average trim, a full bath and a half, a floor-to-ceiling gas fireplace, oak kitchen cabinets, laminate and carpet, low E windows and metal entry and French double doors.

Location:

Located in beautiful Kelowna, BC, known as "the Hawaii of Canada". The property is located in the prestigious residential area of Golfview Estates in the established area of Glenmore in Kelowna, BC, Canada. The area features numerous schools, parks, shopping and is directly above the Kelowna Golf and Country Club.

Kelowna is a world-class tourist destination, situated in the heart of the Okanagan Valley in beautiful British Columbia, Canada. From sailing to float plane tours, waterslides and fishing charters, parasailing adventures to horseback riding, there is always plenty of fun things to do in Kelowna and the Okanagan Valley. During the winter months skiing and snow boarding can be found at "Big White" within a 45 minute drive from the property.

The Okanagan Valley is a premier wine growing region visited by many visitors to Kelowna, British Columbia every year. Over a dozen wineries are located in Kelowna and over 60 are located in the Okanagan Valley region.

The Okanagan Valley is home to about 40 golf courses, with Kelowna offering 14 quality golf courses. With an average of 2,000 hours of sun every year, the Okanagan offers one of the longest, driest golf seasons in Canada.

Premises Details:

The entire property was completely updated making it’s “effective age” 5 years old, and features six bedrooms, six full bathrooms (four of them are luxurious Jacuzzi ensuite bathrooms), one powder room, seven fireplaces (4 electric and 3 natural gas), 2 kitchens, 3 laundry rooms, new fibreglass shingle roof, 2 new furnaces, two 50 gallon hot water tanks, new central 4 T. air conditioner, 3 in-wall air conditioners, built-in stereo speakers, three canvas awnings (one is remote control), irrigation and security systems, electronic smoke alarms, parking for 6 vehicles plus garage, large pool/storage shed, vinyl lined Polynesian style concrete salt-water pool, stamped concrete driveway, side and pool decks, extra sound-proofing, solar film on south exposed windows, and two natural gas connections (one to existing Stainless Steel BBQ).

Size in square feet:
4,700
Planning Consent:

Licenced to operate as a 4 Bedroom B & B.

Business Operation

Expansion Potential:

The resort is entering it's 20th season and primarily operates during the summer months (current owner goes south winters). Increasing revenue would be easy, operating year around and the venue lends itself to a host of other revenue opportunities which have already been identified.

Competition / Market:

The property has catered ONLY to couples celebrating a special occasion (birthday, engagement, elopement, honeymoon, anniversary etc.). The Okanagan is quickly becoming a popular wedding destination and the resort is the perfect venue for elopements and small weddings. As the resort uniquely caters to couples celebrating special occasions, it is not restricted to the tourist season in the way that "typical" B & B's obviously are.

Reasons for selling:

Owner is retiring.

Trading hours:

Office is open for guest check-in from 4 p.m. to 6 p.m. daily. These are the owner's part time working hours as breakfast is self-serve by the guests.

Employees:
Part Time Suite Attendant, Part Time Gardener
Years established:
Twenty

Other Information

Support & training:

Business is completely turnkey with websites, brochures and comprehensive procedures manual already in place. Support provided.

Furniture / Fixtures value:
$150,000 (CAD) - included in the asking price
Website:
Login or register to view link
Related Documents:
Home based:
This business can be run from home.

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