Lovely New England Inn

Bethlehem, NH (Grafton County)

Seller Financing Available
Lovely New England Inn

Asking Price:$685,000

Cash Flow:$71,038

Gross Revenue:$329,534

EBITDA:N/A

FF&E:$171,250

Inventory:$5,000*

Real Estate:$342,500

Established:1960

*not included in asking price.

Lovely New England Inn

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Business Description

Here is your chance to own an established 26 bedroom Inn with restaurant and lounge in the beautiful White Mountains of New Hampshire! The original inn hosts 14 well appointed rooms and an additional building adds another 12 rooms all with private baths and a large game room. Both buildings come fully furnished and ready to accommodate your guests! This lovely inn, situated on the banks of the Ammonoosuc River has been lovingly cared for by one owner for the past 31 years. Their retirement provides the next lucky owner with a fantastic opportunity! Owners/managers apartment in the main building for added convenience!

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
4-6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
A 26 room traditional New England style Inn . Located in a four season resort area in the heart of the White Mountain National Forest. 14 rooms in the inn and 12 in the Annex. All furniture, some antiques, all commercial kitchen equipment included. Property has game room. All rooms with private baths. Plenty of parking on site. Sale includes 2.56 +/- acre lot across the road. Inn located on the banks of the serene Ammonoosuc River, in the White Mountains of New Hampshire.
Competition:
There are several strip motels, cabins, hotels and resort hotels in the area, however this Inn is set apart by its location in the heart of the area, close proximity to Bethlehem, a destination resort area, featuring 2 Donald Ross designed golf courses, as well as several ski areas, rivers and lakes. The Inn has riverside dining and a lounge, unlike most motels and B&B's in the area. The inn has updated systems including air conditioning and heat and private updated baths in all guest rooms. It's location on Route 3 provides easy access from the Boston and Montreal markets.
Growth & Expansion:
The business has been operating on a semi-retirement basis for the past couple of years. Days of operation had been reduced. Expanding the operational dates to a true four season Inn would increase revenues. Expansion of the restaurant and lounge operation would greatly improve the Inns desirability. There are currently very few dining options within a 30 minute radius of the Inn. The modernizing of the restaurant and menu, perhaps adding some outdoor seating by the river would also be very attractive to local residents. Tennis courts located on the property need to be made operational and there is room on property to add a swimming pool and playground equipment.
Financing:
possible
Support & Training:
Seller will provide transitional services of 80 hours within 30 days of transfer. Additional assistance or training may be negotiated.
Reason for Selling:
Retirement after 31 years of ownership
Business Website:
http://www.thewaysideinn.com

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Andrew Smith

Business Listed By:
Andrew Smith

Peabody & Smith Realty, Inc.

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