An Inn For All Seasons

Rangeley, ME (Franklin County)

An Inn For All Seasons

Asking Price:$975,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:1975

An Inn For All Seasons

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Business Description

With its 1920s charm, this Inn sits on 3 acres just steps from an 18-hole golf course. Property consists of Main Inn & 2 Lodges for a total of 19 guest rooms w/ private baths & nice views. There are 2 living quarters in Inn for owners or staff, and a 2BR/1BA cottage on premises. Living room has cathedral ceiling, 2 fireplaces, restaurant for 75 w/ full commercial kitchen, pub & lounge w/ decks, outdoor swimming pool and nicely landscaped grounds for lawn games. Owned & operated by same family for 42 years.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
6-12
Facilities:
There is a total of 11,000 sq. ft. total in Main Inn & two Lodges situated on 3 acres adjacent to the Mingo Springs 18-hole Golf Course. Consists of 19 guests rooms, restaurant w/ full commercial kitchen, pub and 30 x 40 common room anchored by two fieldstone fireplaces. There are two private BRs w/ bath for owner/staff or office and a 2BR/1BA cottage for rental and/owners. Outdoor 20 x 40 swimming pool, hiking trails from Inn, and nicely landscaped grounds for lawn games. Storage shed and generator.
Competition:
Inn is operated in a 4 season resort area, and is located 2 miles from village where there are 3 B&Bs, two motels and two other inns. This area has 40 lakes, ponds & rivers for fishing & boating, 3 golf courses, dozens of hiking trails incl. the Appalachian Trail, a major ski area, x-c ski touring center, and 150 miles of snowmobile trails. The town has a State Park, a Town Beach, marinas, tennis courts, an airport, library, gym, museums, theater, bowling alley and an assortment of restaurants, pubs & shops.
Growth & Expansion:
Inn is currently operated eight months a year. Income could be increased by opening for 12 months, and increasing dining hours along with serving breakfast & lunch to public. Outside Lodges are seasonal, and could be winterized for 12 months of use. Solid documentation on all capital improvements throughout the years.
Support & Training:
Owner will provide transitional training for the new owner. Current owners has operated Inn for 42 years.
Reason for Selling:
Retiring
Business Website:
http://www.countryclubinnrangeley.com

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Margery Jamison

Business Listed By:
Margery Jamison

Morton & Furbish Real Estate

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