Motel, Restaurant, RV Sites , Apartments in Northern New England (ME, NH, VT) OWNER FINANCING AVAILABLE
Price: $2,155,693
Location: Augusta, ME
Industry: Food and Restaurants
Listing ID: CM8523
***Confidential Listing. Not in indicated location***
SOME OWNER FINANCING AVAILABLE!!!
This turnkey business has both local and tourist income year-round! From sightseers in spring, summer and (especially) fall to the ski and snow-mobile tourists in the winter.
There is a restaurant and pub with a function room, 9 motel rooms and 3 rental apartments above. There are currently 5 RV parking spaces with several more being developed. It is in a very popular tourist area and has great year-round traffic and is currently open 6 days.
Listing Details
Down Payment: $215,569
Gross Revenue: $2,136,532
Cash Flow: $490,231
EBITDA: $542,492
Inventory: $35,000 (Included in Price)
Real Estate: $650,000 (Included in Price)
Reason For Sale:
Seller is seeking retirement
Training & Support:
Seller will stay on to assist with transition
Operation
Year Established: 2012
Days & Hours of Operation: Open 6 days
Non-Owner Payroll: $543,806
Employees: 31
Summary
Potential Growth:
Consider opening 7 days.
Continue to grow and expand the RV business