Seller Financing Available
Gross Revenue: N/A
Real Estate: $350,000
Historic 1764 NH Bed & Breakfast Inn
Historic B&B Priced to Sell in New Hampshire.
Recently reduced $70,000 by motivated sellers! The Colonel Spencer Inn embodies the charm of a cozy 18th century bed and breakfast steeped rich in America's history. The Inn is perfectly located between Plymouth and Campton in the surrounds of New Hampshire's spectacular White Mountains, Waterville Valley, Newfound & Squam Lakes Regions…all within view of a tranquil country pond and the Pemigewasset River.
Built in 1764, this historic year-around retreat is tastefully restored and furnished with antiques with period accents. The Colonel Spencer Inn’s location is perfect for biking, hiking, golfing, skiing, and is especially welcoming for travelers visiting Plymouth State University, the Holderness School, Laconia Motorcycle Week, and also for those interested in antiquing, shopping, fine dining, local festivals and more! The Colonel Spencer Inn was originally built as a private residence on the land owned by Colonel Joseph Spencer of Connecticut. Colonel Spencer served in the French and Indian Wars, and was one of the first proprietors in this area and one of the charter grantees of the town of Campton. The guest room names are from the families who owned the home over the years and had active rolls in the formation of the Plymouth and Campton communities. All six bedrooms and suites, each with a private bath, are smoke free, individually decorated, and feature country comfortable furnishings. The Inn's living room has a large fireplace, the perfect place to savor a cup of hot chocolate after a day of skiing. The bright three season porch is a welcoming spot to enjoy breakfast or immerse yourself in a cold glass of lemonade in the summer. Free wireless internet service is available throughout the Inn. The Inn offers a continental breakfast midweek, and full breakfast on weekends. There is a refrigerator full of snacks and coffee service available all day, every day. The current owners have continued to update, renovate, improve, and maintain the Inn on an ongoing basis. Perfect opportunity for someone looking to live in an historic home, in a beautiful area of NH just minutes from a vibrant university town, and with the benefit of earning money while meeting people from all over the world!
Inventory: Included in asking price
Real Estate: Owned
Included in asking price
Building Sq. Ft.: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The original inn was built in 1765, with an addition added in the early 1800’s. The building has been updated and maintained meticulously by the last couple of owners. The overall quality of the building is very good, both internally and externally as the structure and interiors are on a constant maintenance schedule. Ample on-site parking is available.
All six bedrooms and suites, each with a private bath and furnished, are smoke free, individually decorated, and feature country comfortable furnishings. The Inn's living room has a large fireplace, the perfect place to savor a cup of hot chocolate after a day of skiing. The bright three season porch is a welcoming spot to enjoy breakfast or immerse yourself in a cold glass of lemonade in the summer. Free wireless internet service is available throughout the Inn.
Competition: The Colonel Spencer Inn is located directly on Route 3, the Daniel Webster Highway, one of only two designated Scenic Highways in the state of New Hampshire. The inn is within a mile of I93, Exit 27, at the gateway to the White Mountains region. The Inn is less than half an hour from Waterville Valley and Loon Mountain ski areas, two of New Hampshire’s most popular winter destinations. The Inn is close enough to everything the White Mountains have to offer, but also serenely located in a quiet, residential location across the street from the Pemigewasset River.
The lodging industry in the Lakes Region/White Mountains area of New Hampshire is seasonal, with summer, winter, and fall bustling with visitors from all over the world. The spring is a bit more laid back, unless an extended ski season or earlier than usual hiking season keeps visitors flocking to the area. The Interstate 93 scenic corridor is marketed through the Central New Hampshire Chamber of Commerce as “Five Regions * Twenty-One Towns * Infinite Possibilities”. During peak seasons when most visitors are here (June through October and December through March, roughly), the Inn is busier weekends and school vacation periods with small families, and couples, many international, especially during foliage season. During the off-season and winter midweek periods, the Inn is quieter, but does attract its share of couples, hikers, and international guests. The Colonel Spencer Inn has a very loyal guest base who has become regular guests of the Inn, which they consider their home away from home.
Growth & Expansion: The potential for increased business for the Colonel Spencer Inn is directly proportional to the amount of energy the new owners are willing and able to put into the overall operation of the business. Because the current owners both have full time jobs, they have not been able to afford the operation of the inn the attention it deserves.
The current owners agree that more aggressive marketing is needed, via on-line booking sites, relationships with area chambers of commerce, and an increased social media presence.
Because the owners had family living with them, they did not rent a two bedroom suite which is located on the first floor and has its own private entrance. Making this available to guests will immediately positively impact the bottom line as it will be the only first floor accommodation available. This suite could be marketed to Plymouth State longer term stays, those with disabilities who need first floor accommodations, or professionals looking for more space and for longer stays.
There is an outbuilding located on property, which is currently used as a shop and garden equipment storage, and could be removed to build a garage, barn, owner’s home, or rentable apartment.
Financing: Available to qualified buyers
Support & Training: The Sellers are willing to train new owners for two weeks at no charge.
Reason for Selling: Owners are looking to retire from the hospitality industry.
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