Asking Price:

$1,600,000

Gross Income:

$1,500,000

Cash Flow:

N/A

FF&E:

$175,000.00 *

Inventory:

$40,000.00 **

Real Estate:

$1,600,000.00 *

Year Established:

1970

Employees:

23

Business Type:

Hotels & Other Lodging Places

** not included in the asking price

* included in the asking price

Business Description

Owner/Bank Seeks Offer !

We are offering for sale a Resort Hotel in an excellent location in NH. This hotel is underperforming compared to the nearby competition that are thriving in this 4-season destination resort area. This is a non-flagged hotel that has seen many recent upgrades but needs a new owner who can increase occupancy and revenue.

This resort hotel business offers:
• Immediate access to a popular and desirable 4-season destination tourist market
• A business with an established customer base, excellent location, and a base level of revenue and profit
• A business that underperforms compared to its local competition, but can realize higher value with your improvements to marketing, systems, procedures, and the physical condition
• A business with a high future earnings potential
• Recent upgrades including new laundry equipment, insulation, boilers, TV’s, mattresses, and carpet.
• A bargain price:
o $ 21,333/unit
o 2.1 times Room Revenue

The very popular restaurant and lounge are also a part of this resort. The Buyer has the option to lease this back to the current owner. This will allow a new owner to benefit from the onsite food service without having to operate it. An experienced food service operator can choose to operate the restaurant and benefit from its proven profitability.

This is a business that has begun a turnaround process and is now improving. It needs a new owner who can continue and accelerate the growing success of the business and benefit from the resulting profitability.

Appraised Value: $1,900,000
Offered at: $1,600,000
Motivated Seller. Make an Offer!!

This price is intended to reflect the operational and physical
conditions of the resort, as well as the valuable location,
existing business base, and future potential.

Detailed Information

Facilities:

70+ rooms. 200+ seat Restaurant. 150+ seat Lounge. 100+ seat Function Room. 800 seat Convention space.

Competition:

The resort is located in a busy 4-season tourist destination area. There are numerous other lodging properties in the area. This area remains very popular and had a very busy summer 2011. This resort underperforms in this proven marketplace, leaving much room for growth for a new owner.

Growth/Expansion:

At a 37% occupancy rate, this resort is lower than the current 45-50% average occupancy rate of area competitors. A lack of focus on marketing and technology has caused this resort to lose some of its market share. This provides a huge opportunity for revenue growth. A new owner, with some marketing skill, could bring this back to a level more consistent with other area resorts. At $77.89, the ADR is below average for this type of property and could be increased as the occupancy and physical condition is improved.

Support/Training:

The Seller will provide adequate transitional services. The Buyer has the option to lease the restaurant back to the current owner for an initial transitional period. This will allow a new owner to benefit from the onsite food service without having to operate it. An experienced food service operator can choose to operate the restaurant.

Reason Selling:

Retirement

Broker Information

Michael F. Coyle, CBI, CExP

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