Oceanfront Hotel with room to expand!

Not Disclosed, ME


Asking Price: Annual Revenue:
$5,250,000 $1,650,000

Services: Business & Office Services


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RE: Oceanfront Hotel with room to expand! Broker: Justin Holmes

Quick Facts

Asking Price: $5,250,000
Annual Revenue: $1,650,000
Net Profit: Not Disclosed
Cash Flow: $360,000
Total Debt: Not Disclosed
FF&E: $1,600,000
Real Estate: $3,600,000
Year Established: 2006
Employees: 28
BBN Listing #: 776962496
Broker Reference #: 49532-743617

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Business Overview:

Visit this quaint working waterfront community on Maine’s rugged coast and you will find their largest hotel and restaurant perched on the water’s edge with sweeping views of Maine’s amazing seascape.

This impressive and recently renovated 19-room Inn, with room for expansion, is in a class by itself. Its rooms offer breathtaking ocean views and all modern amenities to make for a relaxing stay. Some rooms feature decks where guests can enjoy the clean ocean air as they watch local lobstermen work in the bay. The full-service restaurant is a favorite of guests and locals alike, offering a menu featuring an abundance of freshly caught seafood and local ingredients as well as local microbrews.

As one of the few active hotels in the area and with a longer operating season than any other, the Inn experiences full or nearly full occupancy with guests visiting from around and the world and with only a modest advertising budget. The property has been well maintained and in addition to the historic landmark main building, there is a large building for covered parking and a stunning, newly-built 3-unit rental home with the same breathtaking views of the Inn’s rooms. The hotel’s gift shop features the impressive work of local artists and craftspeople as well as apparel.

And as if that were not enough, the sale includes an industrial pier, a lobster wholesale operation, and a whale-watching operation!

The current owners are looking to retire after a successful and lucrative tenure and hope that the new owners can further build on this amazing campus. The sale includes the real estate and buildings, as well as the FF&E, assets, inventory, and business licenses (when and where transferrable).

Owner financing for a portion of the sale is negotiable as well.

Contact us today for more information and to possibly plan your visit.

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is not 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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