View Full Version : Hiker Hostel listed For Sale (Dahlonega, GA)
aruthenb
02-03-2016, 07:52
The Hiker Hostel in Dahlonega, GA posted on Facebook 2/1/2016 that their place is up for sale. What a wonderful business venture for someone that is already up and running and providing great services. I wish them luck in their next adventure!
http://fmls.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=1268806900
Lone Wolf
02-03-2016, 07:53
800 grand. lotta dough
Great memories. Excellent hostel.
peakbagger
02-03-2016, 07:55
Of course there are downsides
http://whiteblaze.net/forum/showthread.php/116571-Etna-NH-(-HANOVER)-Tigger-s-tree-House?highlight=tigger
aruthenb
02-03-2016, 08:05
800 grand. lotta dough
Yes, but a nice lodge building, 2 nice out cabins, 3+ acres, close to the AT, doesn't seem all that bad. Hard to understand how you make it sustainable at 60% occupancy and low rates with $3,000+ in Property Tax each year, mortgage payments, shuttle operating costs, etc. In today's society though, someone may just use this as a weekend retreat from Atlanta.
MuddyWaters
02-03-2016, 08:18
They have been trying to sell it for a couple years I believe. Since July 2012
http://www.whiteblaze.net/forum/showthread.php/86286-Hiker-Hostel-For-Sale
firesign
02-03-2016, 09:48
Really nice couple and probably the best AT hostel, so sad news.
I wish them the best of luck and hope that like minded people continue the same facilities.
Hiker6301
02-03-2016, 14:43
I was there a couple of months ago and asked them about that. They said it was because they were overwhelmed but have since adjusted. It is not for sale unless something has changed since November.
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http://www.hiker63.com
wornoutboots
02-03-2016, 14:48
800 grand. lotta dough
No doubt!!! You could build new & start a business for a 1/4 of that
dudeijuststarted
02-03-2016, 15:05
Hardest working hostel on the AT. An excellent opportunity, not for the faint of heart.
They have been trying to sell it for a couple years I believe. Since July 2012
at that price, it is not trying to sell, it is throwing out a price that they could not pass up
it is a business that realistically will never even show a return on investment, much less a true profit - only because wages are low in that industry could the operator even take a salary
eventually they will truly want to sell and the price will be reflect that
aruthenb
02-03-2016, 17:50
No doubt!!! You could build new & start a business for a 1/4 of that
Lol, ya right. You can't buy 3+ acres close to the AT and build 3 buildings for that price. Maybe 3 acres and a used double wide.
4eyedbuzzard
02-03-2016, 18:13
I was there a couple of months ago and asked them about that. They said it was because they were overwhelmed but have since adjusted. It is not for sale unless something has changed since November.
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http://www.hiker63.com
Looks like something changed. It shows up as an "active" listing with Keller Williams Real Estate and is also on LoopNet (commercial). Zillow shows it as being for sale for 19 days.
http://www.mlsfinder.com/ga_fmls_mls/kw_252/index.cfm?action=listing_detail&property_id=7560914&searchkey=a923f038-061e-6ff1-9a02-34c7a5c39cb0
http://www.loopnet.com/Listing/19540897/7693-Highway-19-North-Dahlonega-GA/
http://www.zillow.com/homes/7693-Highway-19-North,-dahlonega,-ga_rb/?fromHomePage=true&shouldFireSellPageImplicitClaimGA=false&fromHomePageTab=buy
4eyedbuzzard
02-03-2016, 18:43
Hardest working hostel on the AT. An excellent opportunity, not for the faint of heart.Yeah, it's a nice place in a very nice area. But if you look at it from a business, and not an esthetic or lifestyle, perspective, it's buying a demanding job for very little income. Crunch the numbers, especially the debt service. Most people with $250K (down payment) burning a hole in their pocket would probably walk - er, I mean hike away.
Whaaaaa?
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I agree with 4eyedbuzzard. It's for someone who has the cash and is looking for a labor of love not profit.
Smoky Spoon
03-17-2016, 23:50
Stayed there in 2013 for a few days. Leigh is super sweet and very accommodating. Pretty nice as hostels go. But unless you are rich and have cash not sure how you could make a good profit. Lots of bikers use it too though so maybe you could use some things there. When I was there a pro group stayed there and it was a good time.
The Hiker Hostel in Dahlonega, GA posted on Facebook 2/1/2016 that their place is up for sale. What a wonderful business venture for someone that is already up and running and providing great services. I wish them luck in their next adventure!
http://fmls.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=1268806900