Inn Brokerage Blog
Two More Maine Inn Sales! York Beach and Portland, Maine…
The Lighthouse Inn and Carriage House on Nubble Road sits just up from Nubble Light and steps to both Long Sands and Short Sands Beach. 31 units, many rooms with decks and views, pool hot tub, lovely patio and wonderful hospitality! I was pleased to represent the seller. This is West End Inn, a 6
Two Maine Inns Sold 3/15/19! Kennebunkport and Camden…
Last week both Edgewater Inn in Kennebunkport and Blue Harbor House in Camden both changed hands! Edgewater, pictured first, is located on Ocean Avenue in the heart of town, just up from beaches, shopping and the Bush compound. A lovely 12 room boutique inn that was fully renovated and rebranded in 2012. I was pleased
2018 Maine Tourism Stats are in…Time to buy an inn in Maine!
Maine tourism has been on the rise now for the 6th straight year. Interest rates aren’t going to go down any time soon and are still historically low. TIME TO BUY AN INN! Have you checked out my listings? A few are under contract so don’t waste time! Contact me for details.
“12 Things We Love About Living in Freeport”, from the innkeepers at James Place Inn…
Tori and Robin Baron, the James Place Inn innkeepers and I were talking about the reasons they enjoy where they live during my last showing. And Freeport is so much more than the common perception being just about L.L. Bean and the outlet shopping. So I asked them the top reasons why they love living
SOLD in Portland, Maine! Inn on Carleton…
Inn on Carleton in the West End neighborhood of downtown Portland transferred ownership on September 5, 2018. With Portland’s ever changing and growing tourism and commerce, it’s no wonder there’s interest in inn ownership here. We wish Leo and Patty, the sellers, and Jim, the buyer, all the best of luck in their endeavors! And
Bon Appetit Magazine just named Portland, Maine 2018 restaurant city of the year!
WHAT?Yep, you read that right! Portland Maine was just named the 2018 Restaurant City of the Year by Bon Appetit Magazine So those of us fortunate enough to live in Maine have known for years now that the Portland restaurant scene offers something very special. It’s not just talented chefs, but the complete package, with the food
When a prospective inn buyer asks: “Where do I start?”
NO, YOU DON’T HAVE TO JUST DIVE IN! Your first step? To work with an experienced inn broker! We’ll discuss your financial situation, your professional and educational background and what experience you have, indirect or direct, that would lend itself to succeed in this business. You’ll discuss where your downpayment will come from, house sale,
New 24 unit motel for sale in Bucksport, Maine. Financially Viable at $1.3m.
click above for the online property presentation At a Glance: Total of 24 units (1 is being used as part of the owner’s quarters for 2nd bedroom) plus 1 retail building (being leased to a barber shop) with beautiful private woodedarea in back with stone fire pit. New roof 2006, new furnaces 2007, solar system
A very strong cap rate on this Maine inn for sale! And WHAT IS A CAP RATE ANYWAY?
Cap rate, (capitalization rate), is a rate that helps us value a real estate investment. Cap rate equals the net operating income (NOI) divided by the purchase price. The cap rate shows the potential rate of return on the investment. So the higher the cap rate, the better. With me so far? Let me take
What about buying an inn that USED to be in operation some years ago?
The former inn – which is really just a house now without any business vs. an existing inn or going concern This is a question buyers ask me regularly. And the appeal understandable…the home likely already has the private ensuite baths you want, has the owner’s quarters, there wouldn’t be much in terms of renovations
Price adjustment on this wonderful inn for sale in Freeport, Maine!
NEW opportunity with this substantial price adjustment! When a seller says they are motivated, there can be many things that affect their decision to change the price to be more favorable to attract a buyer. $100,000 certainly is favorable to a buyer! The sellers, Tori and Robin, have owned James Place Inn since 2006 and
New on the market! Popular cottages at the doorstep of Acadia National Park
At a Glance-17 units: 8 cottages, 3 inn style suites, 4 lodge/motel rooms and 2 fully appointed apartments (which can be rented nightly, weekly or long term).-plenty of parking; guests can park directly next to or in front of their unit-1.41 acres-private well/all new septic-Strong seasonal business from just mid-May to mid-October.-real estate taxes $4,578
Freeport, Maine…Did You Know?
While we all know that L.L. Bean and the outlets have long been anchors for Freeport, the village has evolved into so much more! Did you know….There are concerts in the park all summer?There’s an annual winter festival in the park sponsored by LLBean?There are 2 state parks nearby?You can go fishing from Winslow Park?There
The Limerock Inn is motivated to sell?
Yes, the Limerock Inn is motivated to sell…. Why, you ask? What’s wrong? Why are they anxious to get out? These are common questions from prospective buyers when they hear a seller is motivated. But in this case, there’s no negative reason. The owners Frank and PJ are 13 years in. That’s a pretty good
New Listing – A Boutique Motel in Wiscasset
Another new listing just hit the market! This one offers high visibility on Route 1 in Wiscasset, just a few miles from Red’s Eats and their famous lobster roll. At a Glance-8 acres of woodlands-29 guest units plus 1 longer term vacation rental-Workshop and Storage Building-Laundry building with up to date commercial equipment, slop sink
