Sold-Twin Motels, Northern Maine

Price: $677,000

Location: Aroostock County, ME

Industry: Travel

Listing ID: CM10152020

THIS BUSINESS IS SOLD

Dream of owning your own business? Starting a franchise? Is your dream in hospitality? How does year-round occupancy sound? If you answer is "YES", then I have the perfect opportunity for you. TWIN MOTELS!

Both motels are located in Aroostook County, Maine. The motels are within 45 minutes of each other, have a combined total of 33 rooms and each location has a manager's apartment.

Motel #1

• 5 minutes from Main Street, Presque Isle
• 16 units - 10 units, 6 efficiencies some with a washer/dryer
• Access to 2,300 miles of snowmobile trails and 1,300 miles of ATV trails
• Access to hiking and birdwatching

Motel #2

• 40 minutes from Main Street, Presque Isle
• 17 refurbished units
• Within walking distance of restaurants, shops and lounges
• Across the street from the Maine-Canada border

Both motels have high occupancy year-round due to Maine's year-round tourism. Winter brings snowmobilers, skiers and ice fishing; Spring and Summer bring ATVs, fishing, boating and other general tourism; Autumn brings big-game hunters and the spectacular fall foliage brings visitors from every direction.

Gross Revenue: $223,540

Real Estate $453,500 (Included in price)

Terms & Conditions:

Both are offered as a package and include real estate.

Reason for Sale:

Retirement

Training & Support:

Owners will train.

Year Established: 1998

Days & Hours of Operation: 7 Days Week

Employees: 4