(SOLD!) 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