Congratulations to Inn on Carleton seller Buddy Marcum and to buyers and new innkeepers, Leo and Patricia Mennitt! I was proud to represent both buyer and seller as a Disclosed Dual Agent in the transaction. We wish them all the best!
SOLD 7/9/14! Inn on Carleton in Portland, Maine Read More »
Congratulations to buyers Ted and Lisa and sellers (and retiring innkeepers), Maryanne and Bill! A lovely inn, lovely transaction on all counts. I represented the seller, Rick Wolf, also of The B&B Team represented the buyers.
SOLD 6/24/14! Hawthorn Inn in Camden, Maine Read More »
If you had something in the $250k range to put down, could run a seasonal, 6 month business mid-coast Maine and realize a $100k cash flow, would you be interested? Contact me for details, I have a listing that offers a VERY strong performing business and are motivated sellers.
Looking for a decent paycheck as a lodging/hospitality owner? Read More »
8 guest rooms, 2 large living rooms, large dining room, beautiful open kitchen, gorgeous mature trees and perennial garden, close to shops and restaurants. Offered at $950,000; strong business with room for growth. Visit my website for details.
New Listing! A gorgeous 1810 Greek Revival in Bath! Read More »
We know in real estate it’s all about location, location, location. But in commercial real estate, it’s usually all about numbers, numbers, numbers. Sometimes it’s an emotional buy but sometimes it’s not and it’s all about the value of the cash flow. Claddagh Motel in Rockport, Maine has seen increased revenues over the past several
Looking for a strong seasonal lodging business? Read More »
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 rates we have been seeing in hospitality and commercial lending in Maine for years had been relatively and historically low for commercial loans. However, in recent times they have increased. Contact me to discuss current rates we are seeing with our hospitality lenders, and who is most competitive with their terms.
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 Broker and 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.
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