||Employees||4 full, 12 part
* Included in Asking Price
Tastefully updated, waterfront Inn and award winning restaurant business, located in a popular town on the south shore, has been growing steadily year over year and provides its owner with a flexible and fulfilling lifestyle.
Not often do you come across waterfront dining, waterfront accommodations, and the waterfront lifestyle all together in one package. This business has been growing almost every year since the owner took over in 2004. Seeing is believing. If you're looking for an opportunity to own a waterfront hospitality business, you'll need to make a trip to see and appreciate this location, the community , the building, the rooms, the staff, and all there is to enjoy in the area.
The property has been well cared for and you'll notice many updates and some significant investments have been made in recent years. Most notably, was the addition of 5 rooms in 2016, ranging from $119 for a compact bachelor suite to $249 per night for a 900 sqft luxury oceanfront suite.
A few details of the business include:
- There is a private dock for up to 6 boats, used by guests from all over.
- There are 86 seats inside and another 60 outside during the summer.
- The commercial kitchen is fully equipped, with full time manager for the kitchen.
- 4 VLTs
- Total of 4 FT and 12/14 PT staff during the high season and 4 FT and 3/4 PT during the low season.
Seller's Discretionary Earnings has averaged over $120,000 in each of the last 2 years. Revenues have been growing steadily year over year and were approximately $525k in 2018.
Inn Revenues - $84k
Food and Beverage - $392k
VLT Profits - $46k
Minimum Equity Required
Stunning waterfront parcels (3) of land, comprising nearly 1/2 acre of land, connected to town water and sewer, and home to over 6,000 sqft of real estate, over 2 storeys. The building was originally built in approximately 1975 and has undergone substantial renovations, includes a private docking system and boat slips.
- 400 amp electrical entrance (tons of extra capacity)
- ductless heat pumps (2 suites), oil fired boiler and hot water, pellet stove
|Facilities:||5 rooms + restaurant|
Seller Reference #1176
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