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I have learned A LOT in the past couple of months, and I am thinking about tweeking the direction that we are headed. Before anyone screams "focus!" let me tell you my lessons learned and why I am thinking about pursuing this route instead before I ask for help evaluating the numbers.
Cabin lessons learned:
1. Confusion and extra travel. When you have a handful of cabins that are not co-located it can be difficult to keep track of service calls and housekeeping.
2. Laundry. Currently we do not have a central place to do laundry. Housekeepers have to juggle either taking laundry home, doing a load there, both, or sacking it up and leaving it for next time- and let me tell you it stacks up like you wouldn't believe. ...There is a cabin operation down the street that has on-site laundry, but because they are all individual units the housekeeper has to load up a wheelbarrow and push it up hill to get the clean linens and stuff to the cabins! I can't even imagine doing that in the snow with the ice and all! Brr!
Benefit of an Inn: On-site laundry and you don't need to go outside to make beds!
3. Utilities. Having a bunch of cabins all over can get expensive. If there are built like a tri-plex or larger then the utilities go way down.
Benefit of an Inn: Cheaper utilities, and co-located service calls.
4. Housekeepers. Biggest pain in my a$$. We have 2 housekeepers- it is hit or miss if they can get to certain cabins- depending on weather. We can't have this happen!
Benefit of an Inn: Off the main drag, streets are always clear and housekeepers don't need to drive up steep hills. ...Also, we can pay them hourly, instead of $60 bucks to clean a full cabin each time- much cheaper!
5. Hedging the bet. Guests that stay at our cabin are out of luck if something happens to that particular cabin- as owners we are also out that income!
Benefit of an Inn: More rooms, can switch rooms if need be.
6. Cost. One cabin= $150k; a duplex= $125; six plex= $335; Inn with 14 rooms=$650k, or $46,430 a door. (Consider that the rent for a cabin is around $125/night and a room at the Inn is $75.)
I am trying to make a solid, responsible decision out of balanced logic and not emotion. So this decision won't be made without a lot of DD.
Ok- with all that being said, is someone up for double checking my numbers and seeing if I am evaluating this place correctly? I suppose for nothing else, it would be good practice.
Cabin lessons learned:
1. Confusion and extra travel. When you have a handful of cabins that are not co-located it can be difficult to keep track of service calls and housekeeping.
2. Laundry. Currently we do not have a central place to do laundry. Housekeepers have to juggle either taking laundry home, doing a load there, both, or sacking it up and leaving it for next time- and let me tell you it stacks up like you wouldn't believe. ...There is a cabin operation down the street that has on-site laundry, but because they are all individual units the housekeeper has to load up a wheelbarrow and push it up hill to get the clean linens and stuff to the cabins! I can't even imagine doing that in the snow with the ice and all! Brr!
Benefit of an Inn: On-site laundry and you don't need to go outside to make beds!
3. Utilities. Having a bunch of cabins all over can get expensive. If there are built like a tri-plex or larger then the utilities go way down.
Benefit of an Inn: Cheaper utilities, and co-located service calls.
4. Housekeepers. Biggest pain in my a$$. We have 2 housekeepers- it is hit or miss if they can get to certain cabins- depending on weather. We can't have this happen!
Benefit of an Inn: Off the main drag, streets are always clear and housekeepers don't need to drive up steep hills. ...Also, we can pay them hourly, instead of $60 bucks to clean a full cabin each time- much cheaper!
5. Hedging the bet. Guests that stay at our cabin are out of luck if something happens to that particular cabin- as owners we are also out that income!
Benefit of an Inn: More rooms, can switch rooms if need be.
6. Cost. One cabin= $150k; a duplex= $125; six plex= $335; Inn with 14 rooms=$650k, or $46,430 a door. (Consider that the rent for a cabin is around $125/night and a room at the Inn is $75.)
I am trying to make a solid, responsible decision out of balanced logic and not emotion. So this decision won't be made without a lot of DD.
Ok- with all that being said, is someone up for double checking my numbers and seeing if I am evaluating this place correctly? I suppose for nothing else, it would be good practice.
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