Hospitality Management Business

Bartlett, NH
Carroll County

Mt. Washington Valley

Asking Price: Annual Revenue:
$1,375,000 $195,358

Services: Hotel, Motel, Lodging

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RE: Hospitality Management Business Broker: Ed Settino

Quick Facts

Asking Price: $1,375,000
Annual Revenue: $195,358
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 9945381
Broker Reference #: 219002

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Business Overview:

This a terrific opportunity to own a profitable, established and meticulously managed White Mountains of New Hampshire hospitality management business known as Glen Rentals. This business offers unique lodging option suitable for large groups, family gatherings or business meetings. In addition to the assets of the business, website, customer base, marketing and rental system etc., there are four separate sources of revenue included:

- A free-standing, recently built, 6,000 square foot, four-story lodging facility, with a brand new in ground pool, a newly added conference
room with a 34-guest capacity.
- An adjacent two-bedroom bungalow which can be used for an owner/manager home or office or as an additional accommodation,
sleeping up to ten guests.
- A chalet style home on three separate floors sleeping up to 16 guests
- Two-sided billboard - fully rented with a market value of $60,000.

Revenues for 2019 are tracking over $200,000 with every weekend this winter booked and the 2019 summer season nearly sold-out. Typical return for the owners, after the operating costs of real estate taxes, maintenance, room cleaning and laundry expense and marketing etc., has been 80% of sales. Guests last summer were so pleased with the new upgrades to the property that included the addition of an inground salt water pool, build out of a meeting room and enclosed porch as well as a covering for the existing deck, many booked upon leaving, assuring accommodations for this coming summer.

Savvy website optimization marketing has enabled the owners to develop a very healthy business. They have studied the marketplace and addressed its needs. Advanced deposits and repeat customers for winter, summer and foliage season bookings, provide year-round cash flow.

The business including goodwill, training during the transition to a new owner, website, non-compete agreement, customer database, $1,000 worth of supplies and inventory, $85,000 worth of furniture, fixtures and equipment, and the real estate are available for an offering price of $1,375,000.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

To pursue other interests.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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