Sorry, this listing is no longer available – However, please see similar business for sale listings below that may interest you:

BusinessBroker.net is one of the largest business for sale and franchise opportunity marketplaces in the world where thousands of business owners and business brokers lists their businesses for sale. Millions of buyers search our network ever year. Search thousands of Businesses for Sale or visit our Broker Directory to find a business broker or commercial real estate agent to help you buy or sell a business or property.

Business For Sale

Oceanfront Inn and Residence with Amazing Views

Essex, MA, USA

Services: Hotel, Motel, Lodging

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$2,400,000
$173,700
Not Disclosed
$128900
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1964
1
55005649

Business for Sale Overview:

Your business in one building and your 3 bedroom home in the other; both located on an absolutely UNMATCHED piece of property with breathtaking views of the Atlantic ocean! I can't describe, and you simply won't believe, this location and its views. The Hotel has very strong seasonal occupancy, peaking at nearly 100% in July and August, with steady weekend business in the spring and fall. Current performance reflects only a 6 month operating season and could be dramatically improved by returning to hotel's normal 9-10 month operating season. Other opportunities for improving the bottom line include: - $10/night rate increase already planned for 2009. - Renting or utilizing retail space currently vacant. - Adding food service to create additional income stream. Sale price includes the real estate valued at $1.6MM. To learn more about this once in a lifetime property, please contact Mark Chiavelli at 617-828-8362 or via email at markc@sunbeltne.com

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.
 

Please Note: The Business for Sale listings, including any franchise opportunities, business opportunities, and franchises for sale advertised on this web site are not to be considered an "offering" or purchase recommendation by BusinessBroker.net. The individual content of these business for sale listings are submitted to us by business owners, representing business brokers, or other intermediaries and we rely entirely on the accuracy of the information they provide. BusinessBroker.net recommends seeking the advice of a lawyer, financial consultant or accountant before purchasing a franchise opportunity, business for sale, business opportunity, or franchise for sale. Part of the BusinessBroker.net Network. Please review our full Disclaimer for more details.