Motel, Restaurant, Gift Shop in Aroostook County, Maine
Price
$1,250,000
Location
Aroostook County, Maine
Industry
Travel
Listing ID
CM82123
This successful restaurant & motel has been in business since 1993 and is thriving! It is located 30 seconds of a major Interstate highway and so has incredibly easy access for both locals and tourists. The restaurant features 30 seats in the main dining area and an additional 90 in the back dining room, which can be used for both regular dining and with the moveable partitions, can be set up for meetings and other functions. There is also an off-site bakery shop where baked goods from the restaurant are sold. The motel has 9 units that have been nicely renovated and have a consistently high occupancy. There is also an owner’s suite that features 4 beds and 3 baths. Financials Opportunities for growth: Add catering and event hosting. Note: Financials are seller-provided and not audited by Inbar Group ,Inc.
Asking Price: $1,250,000
Gross Revenue: $1,413,000
Cash Flow: $552,345
FF&E: $80,000 +/- (included in the sale price)
Inventory: $50,000+/- (included in the sale price)
Real Estate: $750,000 (estimated - not included in the sale price. Might be available. Incidental to the sale of the business. Subject to commercial appraisal.)
Year Established: 1993
Employees: 9 FT, 14 PT (including seller)
Payroll: $ 32,000 / month
Incidental to the sale of the business. Seller estimates the value at $1M. Subject to commercial appraisal.
Owner is seeking retirement
Some seller financing available. $300,000 @ 4% interest, 10 year term
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Price: $1,250,000
Location: Aroostook County, Maine
Industry: Travel
Listing ID: CM82123
This successful restaurant & motel has been in business since 1993 and is thriving! It is located 30 seconds of a major Interstate highway and so has incredibly easy access for both locals and tourists. The restaurant features 30 seats in the main dining area and an additional 90 in the back dining room, which can be used for both regular dining and with the moveable partitions, can be set up for meetings and other functions. There is also an off-site bakery shop where baked goods from the restaurant are sold. The motel has 9 units that have been nicely renovated and have a consistently high occupancy. There is also an owner’s suite that features 4 beds and 3 baths. Financials Opportunities for growth: Add catering and event hosting. Note: Financials are seller-provided and not audited by Inbar Group ,Inc.
Asking Price: $1,250,000
Gross Revenue: $1,413,000
Cash Flow: $552,345
FF&E: $80,000 +/- (included in the sale price)
Inventory: $50,000+/- (included in the sale price)
Real Estate: $750,000 (estimated - not included in the sale price. Might be available. Incidental to the sale of the business. Subject to commercial appraisal.)
Year Established: 1993
Employees: 9 FT, 14 PT (including seller)
Payroll: $ 32,000 / month
Down Payment: $150,000
Gross Revenue: $1,413,000
Cash Flow: $552,345
EBITDA: $552,435
FFE: $80,000 (Included in price)
Inventory: $50,000 (Included in price)
Real Estate $750,000
Terms & Conditions: Incidental to the sale of the business. Seller estimates the value at $1M. Subject to commercial appraisal.
Reason for Sale: Owner is seeking retirement
Year Established: 1993
Employees: 9 FT / 14 PT (including the seller)
Financing/Terms: Some seller financing available. $300,000 @ 4% interest, 10 year term
"*" indicates required fields
New York, NY 10001
Price
$1,250,000
Location
Aroostook County, Maine
Industry
Travel
Listing ID
CM82123
This successful restaurant & motel has been in business since 1993 and is thriving!
It is located 30 seconds of a major Interstate highway and so has incredibly easy access for both locals and tourists.
The restaurant features 30 seats in the main dining area and an additional 90 in the back dining room, which can be used for both regular dining and with the moveable partitions, can be set up for meetings and other functions.
There is also an off-site bakery shop where baked goods from the restaurant are sold.
The motel has 9 units that have been nicely renovated and have a consistently high occupancy.
There is also an owner’s suite that features 4 beds and 3 baths.
Financials
Asking Price: $1,250,000
Gross Revenue: $1,413,000
Cash Flow: $552,345
FF&E: $80,000 +/- (included in the sale price)
Inventory: $50,000+/- (included in the sale price)
Real Estate: $750,000 (estimated - not included in the sale price. Might be available. Incidental to the sale of the business. Subject to commercial appraisal.)
Year Established: 1993
Employees: 9 FT, 14 PT (including seller)
Payroll: $ 32,000 / month
Opportunities for growth: Add catering and event hosting.
Note: Financials are seller-provided and not audited by Inbar Group ,Inc.
Incidental to the sale of the business. Seller estimates the value at $1M. Subject to commercial appraisal.
Owner is seeking retirement
Some seller financing available. $300,000 @ 4% interest, 10 year term
Main Office
Administration and Mail
209 West 29th Street
Suite 318
New York, NY 10001
Phone: 212-473-5000
Connecticut Office - Hartford
1245 Farmington Ave
Suite #302
West Hartford, CT 06107
Phone: 860-474-8000
Pennsylvania Office - Pittsburgh
1001 Liberty Ave, 5th Floor
Pittsburgh, PA 15222
Phone: (215) 461-5000
Pennsylvania Office - Philadelphia
Two Liberty Place
50 South 16th Street
17th floor
Philadelphia, PA 19102
Phone: 215-388-2334
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