Boothbay Harbor Lodge
Attractive Owner Financing
Boothbay Harbor, ME
Built in 1924, Sprucewold Lodge is a charming 30 room Inn with 3 separate cottages situated on 4 acres of stunning Maine coastal woodlands. The structures feature authentic hand-hewn log construction as a part of an early back-to-nature movement. The simplicity of the log buildings made Sprucewold inherent to the Arts and Craft movement. The lodge and dining hall are two story structures with a combined 18,392 square feet that welcomes you with covered porches and lounge with a large stone and birchwood fireplace. There are 30 guest rooms that feature exposed logs on the exterior walls. The Main Lodge incorporates a dining hall with seating for 135 persons in addition to a buffet area, 3 restrooms, a large kitchen, office, laundry room, work shop, and second floor apartment with 3 bedrooms and bath. The three cottages have been used as employee housing. The lodge is looking for a new generation to transform it into a yoga, holistic healing retreat, a music and art learning center, a corporate retreat, senior hostel, extra rooms for your many house quest or just carry on its’ fine tradition of Inn Keeping. The lodge, dinning hall, and cottages are turn key with all furnishings included with the exclusion of personal property. This historic property is being offered for $1,075,000 MLS # 1146401
Performance & Diesel Engine/Machine Shop
Prestigious Industry Leading Reputation
Established, successful, and reputable engine & machine shop located south of Augusta, Maine. Founded in 1978, strong ties and reputation within the New England racing industry, customized machining, antique engine restoration, and industrial diesel overhaul services. Currently yielding $1,000,000/yr in gross sales. Large existing customer base, in both performance/racing and commercial sectors, throughout New England.
The business carries a reputation for being the go-to experts within circle track racing for the northeast US. Experienced, veteran technicians/mechanics on staff. Business currently holds established wholesale-distributorship agreements with a number of prominent industry vendors (Ford Racing, COMP Performance Group, Moroso, many others). Business contains all necessary specialized, modern machinery and tooling for full service and remanufacture of nearly any variety of gasoline or diesel engine, plus full service dynamometer facility.
All operational, administrative and technology systems in-place (phone, internet, PCs, accounting software, etc)
Situated on 2.2 acres, Building: 11,200sf. Sold “turn-key”.
Includes current management and highly skilled personnel.
Tangible property to include: equipment and machinery (precision honing/boring, balancing, cleaning, pressure testing, mag particle testing, mag particle inspection, crankshaft grinding/polishing/straightening, dynamometer facility, assembly, engine carts, shelving, cranes, fork lift, etc), office equipment (furniture, computers, phones, etc), physical inventory (new: currently at $60,000+/-), used core inventory (cylinder heads, crankshafts, camshafts, blocks, etc).
Intangible property to include: computer software, website/established ecommerce platform [butler-macmaster.com] (currently yielding $300,000/yr in gross sales utilizing performance parts distributorships), customer list, vendor distributorships, internal operations procedures, sponsorships, phone system, internet, etc.
Seller is offering several alternative sale terms to full, outright purchase, including:
•Three year lease or lease purchase option of entire business as an entity (business model, all equipment, and building). Competitive monthly rate to be negotiated plus a 2% CAM fee based on gross sales.
•Purchase of all business assets @ $220,000 (does not include real estate).
•Purchase of all business assets @ $220,000 and annual lease of building for $22,400 (plus NNN).
•Purchase or Lease Purchase of business and building @ $679,000 outright. Seller offering to finance for qualified Buyer(s) with competitive interest rates and terms.
•Other proposals welcomed for evaluation.