(Under LOI) Twin Motels, Northern Maine

Price: $677,000

Location: Aroostock County, ME

Industry: Travel

Listing ID: CM10152020

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.

 

Listing Details

Gross Revenue: $223,540

Real Estate: $453,500 (Included in Price)

Terms and Conditions?:

Both are offered as a package and include real estate.

Reason For Sale:

Retirement

Training & Support:

Owners will train.

Operation

Year Established: 1998

Days & Hours of Operation: 7 Days Week

Employees: 4