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  1. #1
    Registered User aruthenb's Avatar
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    Default Hiker Hostel listed For Sale (Dahlonega, GA)

    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/Pub...?ID=1268806900

  2. #2
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    800 grand. lotta dough

  3. #3

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    Great memories. Excellent hostel.

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  5. #5
    Registered User aruthenb's Avatar
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    Quote Originally Posted by Lone Wolf View Post
    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.

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    They have been trying to sell it for a couple years I believe. Since July 2012


    http://www.whiteblaze.net/forum/show...ostel-For-Sale
    Last edited by MuddyWaters; 02-03-2016 at 08:27.

  7. #7

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    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.

  8. #8

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    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

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    Quote Originally Posted by Lone Wolf View Post
    800 grand. lotta dough
    No doubt!!! You could build new & start a business for a 1/4 of that
    Take Time to Watch the Trees Dance with The Wind.....Then Join In

  10. #10
    Registered User dudeijuststarted's Avatar
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    Hardest working hostel on the AT. An excellent opportunity, not for the faint of heart.

  11. #11
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    Quote Originally Posted by MuddyWaters View Post
    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

  12. #12
    Registered User aruthenb's Avatar
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    Quote Originally Posted by wornoutboots View Post
    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.

  13. #13
    4eyedbuzzard's Avatar
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    Quote Originally Posted by Hiker6301 View Post
    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...2-34c7a5c39cb0

    http://www.loopnet.com/Listing/19540...-Dahlonega-GA/

    http://www.zillow.com/homes/7693-Hig...omePageTab=buy
    "That's the thing about possum innards - they's just as good the second day." - Jed Clampett

  14. #14
    4eyedbuzzard's Avatar
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    Quote Originally Posted by dudeijuststarted View Post
    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.
    Last edited by 4eyedbuzzard; 02-04-2016 at 06:30.
    "That's the thing about possum innards - they's just as good the second day." - Jed Clampett

  15. #15

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    Whaaaaa?


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  16. #16
    Registered User moytoy's Avatar
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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.
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  17. #17

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    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.


    Quote Originally Posted by aruthenb View Post
    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/Pub...?ID=1268806900
    Life is not about finding yourself, it's about creating yourself.

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