Back to the issue of the portion of an appraisal of a bed and breakfast that gets allocated to goodwill…. My post was written with a less than favorable situation for a property that had a considerable amount allocated to goodwill. But that’s not always the case. B&B appraisals will often include two or three […]
A follow-up post to my previous post on valuation… Read More »
Abbington’s Seaview Motel and Cottages is back on the market and at a reduced price! Offered at $299,000Visit the listing page on my website for details.
Back on the Market! Abbington’s Seaview Motel and Cottages in Lincolnville, Maine Read More »
An inn or bed and breakfast is a hybrid. Yes, it is a business that operates within a piece of real estate on a piece of land. But it is a commercial business with a residential component. So how does an appraiser go about valuing this hybrid business? It’s not always easy for the buyer
Going Concern Value – Inn Valuation Read More »
Are you thinking of selling your bed and breakfast or did you just buy one or are you looking to? These are some easy ways to add value for your guests as well as your potential buyer. Many bed and breakfasts are often limited to upgrades due to cash flow and space constraints. So consider
Easy Bathroom Updates! Read More »
Another Maine hospitality property just changed hands! A wonderful 13 room motel/cottages just a couple miles to Lincolnville Beach. Congratulations to new buyers Reesa and Scott and to my sellers, Rick and Elaine. I wish you all the best in the next phase of your lives!
SOLD! Ducktrap Motel in Lincolnville, Maine Read More »
The word ‘clear’ isn’t often synonymous with the understanding of brokerage relationships, regardless of how we try to explain it (clear as mud, perhaps?). But it’s so very important that I find myself constantly looking into ways to ensure that it makes sense to our customers. So let’s talk about it for a bit….and yes,
Clarifying Brokerage Relationships……. Read More »
Congratulations to buyers and new innkeepers, Tom and Vickie and to sellers Lisa and Gordon. We wish you all the best of luck! The B&B Team was pleased to represent both parties in the transaction. I represented the sellers and Eliot Dalton represented the buyers. Enjoy!
SOLD 4/2/14!! Acadia Cottages in Southwest Harbor, Maine Read More »
Now offered at $995,000, this is a beautiful Camden B&B with a view of the Penobscot Bay. Lovely and spacious owner’s quarters are done in the style and decor of the rest of the inn, so innkeepers feel just like the guests at the inn. Enjoy this seasonal business, water views, Camden lifestyle and a
New Price on a Camden Maine Inn! Read More »
With Acadia Cottages soon to settle, Ducktrap Motel around the bend, Inn on Carleton not too far behind and a classic coastal inn recently under agreement, 2014 is looking up for both buyers and sellers! These three I’ve named are all completely different types of lodging properties: near Acadia National Park, Acadia Cottages offers 11
2014 seems to be bringing a lot of activity! Read More »
Coach Stop Inn has 6 guest rooms, all en-suite baths, some with fireplaces, one with a large slipper tub and beautiful colors and furnishings. Many new renovations throughout. And there’s a new owner’s home just behind the inn, offering wonderful privacy for innkeepers. This is a great addition to a charming inn with a solid
New Listing! Coach Stop Inn in Bar Harbor, Maine – $795,000 Read More »
The rates we have been seeing in hospitality lending in Maine for years have been relatively and historically low for commercial loans. However, they keep changing very quickly. Contact me to discuss current rates.
Not everyone who is a licensed real estate agent is a Realtor®?
A Realtor® is a licensed real estate salesperson who belongs to the National Association of Realtors®, the largest trade group in the country. Realtors® are held to a higher ethical standard than licensed agents and must adhere to a Code of Ethics. Some Realtors® are brokers, while some are associate brokers or sales agents. These are varying levels of education, licensing and often responsibilities.
And hospitality ‘Consultants’ or ‘Brokers’ who are not licensed in the state of Maine are not held to any standards the way we are here as licensed Realtors® in Maine, where consumer protection is paramount.
I am a REALTOR®, a real estate professional who has taken the extra step to belong to the National Association of REALTORS®. Through membership, I abide by a Code of Ethics and have gained expertise to help you navigate one of the most complicated and important transactions you’ll make in your lifetime.
