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Massachusetts Business For Sale

  
OCEANFRONT MOTOR LODGE W/EXCLUSIVE OWNER RESIDENCE


Attn: Mark Chiavelli
Coastal Massachusetts, MA, USA
Listing Number: "Woburn788"
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Asking Price: $2,700,000 USD USA Dollars
Business for Sale Industry: Services: Hotel, Motel, Lodging
Reason for Selling: Retirement
Year Established: 2000
# of Employees: 1 Part Time
Yearly Revenues: $170,036
Yearly Cash Flow: $94,958



Business for Sale Overview:
Coastal Massachusetts 8 Room Hotel with Gorgeous Detached Owner's Residence. Real Estate included in sale price is valued at $1.75MM. Absolutely Unmatched location in one of Massachusetts quaint coastal communities. It is literally not possible to be any closer to the water than this! Owner's residence includes 3 bedrooms on two levels of living, with unrivaled views. Wake up every morning staring at the Atlantic ocean! Hotel has very strong seasonal occupancy with steady weekend business in the spring and fall. Current performance reflects a 6 month operating season and could be improved by returning to hotel's historical pattern of being open 9-10 months per year and/or by raising rates to market levels. Additional retail space currently vacant provides a number of options for a new owner. Victualer's license is in place if new owner wishes to add food service to create additional income stream.

Property Features and Assets:
Included in sale price.



Additional Details:
  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise opportunity.
  • This is not a distressed business or bankruptcy situation.

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