Inn Brokerage Blog
SOLD! This waterfront inn in Sullivan, Maine, across Frenchman Bay from Bar Harbor
Congratulations to my buyers and future innkeepers, Todd and Angie! They closed on the former Island View Inn in Sullivan, Maine and plan to renovate and reopen this beautiful waterfront cottage sometime this summer. I know I can’t wait to visit!
This is the PERFECT time to buy an inn! WHY?
Glenmoor by the Sea Glenmoor by the Sea Glenmoor by the Sea Greenville Inn Greenville Inn In our experience here in Maine, commercial hospitality financing can take anywhere from 90-120 days. And commercial rates are still fairly low, between 4.5-5%. When does Maine’s tourism “season” kick off? Memorial Day weekend! That’s just shy of 120
SOLD! Briar Lea Inn and Jolly Drayman Pub in Bethel, Maine
Congratulations to sellers Fred and Cindy and buyers/new owners Dani, Helena and Enrico of Bethel’s popular Jolly Drayman Pub and Briar Lea Inn! We wish them all the best! p.s. after closing I had a Manhattan, sampled the chicken spring rolls and panko fried pickle and all were delicious!
New Waterfront Listing in midcoast, Maine!
Glenmoor By The Sea in Lincolnville Maine offers it all. 10 beautiful waterfront acres on the Penobscot with gorgeous views of Islesboro. 33 units total, 19 guest cottages and 14 guest rooms. All very spacious, most with decks and all with views. There are 2 pools, a tennis court, an exercise room, two play areas
New Price on this Camden Maine Bed and Breakfast overlooking the Penobscot!
Now offered at $925,000 – check out the listing on my website for property information and photos!
New Price! Inn at Bath in historic Bath, Maine
Now offered at $850,000! Check out the listing on my website for property details and photos.
“How long has it been on the market?”
We hear that question frequently. In the world of residential real estate, it’s not only common, it’s often relevant to the deal. But not in the lodging industry. Why? It’s simple. Because buying a lodging business (or any type, really) is a discretionary purchase. Most people don’t have to buy a lodging property. Many people
Lifestyle vs Feasible vs Financially Viable…Which is Right For You?
In this industry we talk a lot about the lifestyle of being an innkeeper. But we also refer to the various types of businesses (inns/B&Bs, etc) as lifestyle, feasible or financially viable. Each of these are still a lifestyle, but there are various categories that generalize the level of revenue an inn might produce. “Financially
Adding a 6th guest room at Clark Point Inn in Southwest Harbor, Maine
Clark Point Inn is a lovely, water view 5 room bed and breakfast in Southwest Harbor, surrounded by Acadia National Park. The inn is typically open an extended season of about 10 months and they have a strong business for a small inn. Adding a 6th guest room would allow owners to increase revenue quite
Snowmobiling in Maine!
Ahh, snowmobiling! Did you know that Maine has over 14,000 miles of trails? 3,500 of that is part of the ITS (the Interconnected Trail System)! From mesnow.com: Maine’s snowmobile trails exist because people who loved to ride realized that in order to keep a winter trail system open landowner permission needed to be obtained, funds
New Price on Atlantic Birches Inn in Old Orchard Beach, Maine
The Atlantic Birches Inn is now offered at $799,000. 10 guest rooms with private baths (in two buildings, the historic John Calvin Stevens Queen Anne and a 1940s bungalow style cottage), almost an acre and just steps to the famous pier and miles of sandy beach! For more details visit the listing page on my
Aspiring Innkeepers: Interested in Controlling Your Own 401K?
What if you could invest your 401k funds into your own business? It could potentially make a big difference in what you can afford to buy if your only source of downpayment had been from the equity in your home. If you’re interested in learning more about this option, and we are seeing it become
New listing in Old Orchard Beach, Maine!
Old Orchard Beach Inn, just steps from the pier and miles of sandy beach. 17 guest rooms with private baths. Spacious common rooms, large front porch, fully sprinklered, paved parking lot for 20 cars, strong seasonal business. Offered at $1,495,000. Visit the listing page on my website for more details.
The View of Moosehead Lake and the beautiful mountain range!
Fall foliage is going to peak soon! Check out the view from one of my listings overlooking Moosehead Lake!
