Inn Brokerage Blog
New Price! Atlantic Birches Inn, Old Orchard Beach, Maine
This beautiful 10 room inn is just up from the pier and 7 miles of sandy beach! A charming 1940s bungalow and 1904 John Calvin Stevens Queen Anne with beautiful period details.Now offered at $775,000. Call, email or text me for details 207-266-5604
Innkeeping = Work + Fun + Life… a Nice Balance
How many jobs out there do you know of that can really offer a balance of life, work and fun? I think that Innkeeping may be one of the few! Let’s take a closer look: Work:cleaningcookingworking with dietary restrictionsconstant grocery shoppingcleaning(did I mention cleaning?)dustinghouse maintenancelaundrylandscapingsnow removal (for some of us!)bookkeepingmanaging the reservation systemmanaging the purchasing
Great article on the truth behind ROBS (Rollover for Business Start-up)…
We’ve had numerous clients utilize their 401k funds to purchase a lodging property, and one of the companies that facilitates this transaction (in accordance with IRS) is Guidant Financial. This can make a substantial difference in what buyers can afford to purchase. Guidant put out this great piece on busting the myths behind ROBS. Using
New bed and breakfast listing in Portland, Maine!
Just listed! West End Inn in Portland’s coveted West End District is offered at $1,295,000. Very strong financials, particularly for a 6 room inn. But Portland is hot and continues to grow in business, tourism, the arts and the food scene. West End Inn consistently remains one of the top rated inns on TripAdvisor. There
SOLD! This waterfront inn in Sullivan, Maine, across Frenchman Bay from Bar Harbor
Congratulations to my buyers and future innkeepers, Todd and Angie! They closed on the former Island View Inn in Sullivan, Maine and plan to renovate and reopen this beautiful waterfront cottage sometime this summer. I know I can’t wait to visit!
This is the PERFECT time to buy an inn! WHY?
Glenmoor by the Sea Glenmoor by the Sea Glenmoor by the Sea Greenville Inn Greenville Inn In our experience here in Maine, commercial hospitality financing can take anywhere from 90-120 days. And commercial rates are still fairly low, between 4.5-5%. When does Maine’s tourism “season” kick off? Memorial Day weekend! That’s just shy of 120
SOLD! Briar Lea Inn and Jolly Drayman Pub in Bethel, Maine
Congratulations to sellers Fred and Cindy and buyers/new owners Dani, Helena and Enrico of Bethel’s popular Jolly Drayman Pub and Briar Lea Inn! We wish them all the best! p.s. after closing I had a Manhattan, sampled the chicken spring rolls and panko fried pickle and all were delicious!
New Waterfront Listing in midcoast, Maine!
Glenmoor By The Sea in Lincolnville Maine offers it all. 10 beautiful waterfront acres on the Penobscot with gorgeous views of Islesboro. 33 units total, 19 guest cottages and 14 guest rooms. All very spacious, most with decks and all with views. There are 2 pools, a tennis court, an exercise room, two play areas
New Price on this Camden Maine Bed and Breakfast overlooking the Penobscot!
Now offered at $925,000 – check out the listing on my website for property information and photos!
New Price! Inn at Bath in historic Bath, Maine
Now offered at $850,000! Check out the listing on my website for property details and photos.
“How long has it been on the market?”
We hear that question frequently. In the world of residential real estate, it’s not only common, it’s often relevant to the deal. But not in the lodging industry. Why? It’s simple. Because buying a lodging business (or any type, really) is a discretionary purchase. Most people don’t have to buy a lodging property. Many people
Lifestyle vs Feasible vs Financially Viable…Which is Right For You?
In this industry we talk a lot about the lifestyle of being an innkeeper. But we also refer to the various types of businesses (inns/B&Bs, etc) as lifestyle, feasible or financially viable. Each of these are still a lifestyle, but there are various categories that generalize the level of revenue an inn might produce.
Adding a 6th guest room at Clark Point Inn in Southwest Harbor, Maine
Clark Point Inn is a lovely, water view 5 room bed and breakfast in Southwest Harbor, surrounded by Acadia National Park. The inn is typically open an extended season of about 10 months and they have a strong business for a small inn. Adding a 6th guest room would allow owners to increase revenue quite
Snowmobiling in Maine!
Ahh, snowmobiling! Did you know that Maine has over 14,000 miles of trails? 3,500 of that is part of the ITS (the Interconnected Trail System)! From mesnow.com: Maine’s snowmobile trails exist because people who loved to ride realized that in order to keep a winter trail system open landowner permission needed to be obtained, funds