Inn Brokerage Blog

When An Inn Has A Restaurant…

A Full Service Inn – Often buyers are concerned with the risk associated with purchasing a restaurant because of low profits, high staff turnover, and high food costs, and so on. But when that restaurant business is supported by a strong lodging component, then the restaurant becomes less of a concern, and more of an

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Looking for a Wedding Venue Business?

This events barn was fully renovated in 2014 and sits right between downtown Bethel, Maine and Sunday River Resort! And with numerous lodging options providing hundreds of rooms , this business is well positioned to host even double wedding weekends. A huge commercial kitchen allows for weekday catering to supplement revenue. Bethel tops list of

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HELLO 2024…Happy New Year!

From the Maine Inn Team at Swan Agency Real Estate…. As we head into 2024….while I do not have a crystal ball, I believe we will see more hospitality inventory hit the market. I am seeing signs of this now as I have a few new listings in the works, some will be public, some

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The Valuation and Pricing Process

A common question… How did you or the seller come up with the price? Take a look at a sample calculation below based on a price of $1,500,000, with 20% down at 7.5% interest, amortized over 25 years. There are three key metrics we look at when backing into a price that is financeable: 1)

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The Maine Hospitality Market – Why Now Remains A Good Time To Buy

2022 WAS ONE OF THE BEST YEARS ON RECORD FOR HOSPITALITY SALES…AND THE OUTLOOK FOR 2023 AND BEYOND IS BRIGHT! The past several years have been unprecedented…marked by the Pandemic, international unrest and a fluctuating financial market. And for good reason, this has caused some pause for many new buyers considering a transition into the

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Down Payment vs Earnest Money

What is the difference between the ‘down payment‘ and earnest money (sometimes referred to as EM or EMD – earnest money deposit) and when they are owed? Your EARNEST MONEY is a good faith deposit that is held in an escrow account to demonstrate to a seller your commitment to finalize the deal, and how

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Oxford House Inn – a Very Viable Business Opportunity

This thriving restaurant & inn offers a financially strong option for both investors and owner/operators alike! Built by the renowned Portland architect John Calvin Stevens, the Oxford House Inn sits in the center of downtown Fryeburg overlooking gorgeous farmland and valleys…and is perfectly centered between the Sebago Lake region and the bustling tourist destinations of

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Guest Registration and State Laws – pretty serious stuff!

As we continue to evolve with technology, more and more records are paperless, handled by email or automated systems and we just aren’t recording things on paper any more. I don’t know how many inns and lodging properties actually are aware of or adhere to this state requirement, but based on the potential penalty, they

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Just Listed in Bar Harbor!

Located on just shy of 3 acres perched high above Frenchman Bay, Inn at Bay Ledge has such an incredibly unique waterfront and cliffs that lead down to the shoreline. The inn offers 12 guest rooms with ensuite baths. The common spaces are plenty and include a large porch with plenty of seating, an in

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Just Listed in Kennebunkport!

The 1802 House Bed and Breakfast Inn is a historic, independent property in the beautiful seaside town of Kennebunkport Maine. The house is of original Colonial design and as the name implies, was built in 1802. Extensions were added over the years, and in the 1990s it was converted into the charming bed and breakfast

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How Did Covid Affect Hospitality Brokerage and Tourism?

This image is just a partial compilation of our 2021 hospitality sales. Our team was on fire and so were buyers! This is Maine, can you blame them for wanting to buy a hospitality business here? We can’t either! Covid caused people from more populated areas to want to move to Maine, with more open

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