4 Cabins & Established Rental Business

Rockwood, ME (Somerset County)

1 of 4 cabins
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Asking Price: $275,000

Cash Flow: $15,000

Gross Revenue: $45,000

EBITDA: $15,000

FF&E: $20,000

Inventory: N/A

Real Estate: $254,000

Established: 2015

4 Cabins & Established Rental Business

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Business Description

4 cabins with full bath and 3 bedrooms-in the heart of Moosehead lake

we have 4 identical cabins that are 700sf each consisting of 3 bedrooms and full bathroom in each. Fully stocked eat in kitchen, cabins sit on 1.38 acre lot. sale would include all furniture and linens to make this a turnkey business purchase. We have owned them for almost 4 yrs now and have built quite a good rental history with almost every weekend year round being rented in full. The cabins are located right across the street from a restaurant / bar and gas station. The snowmobile and ATV trails are also located right across the street. The public boat launch for Moosehead lake is less then a 1/4 mile away. The cabins are located in a great spot for all the outdoor activities that Moosehead lake has to offer. We manage these cabins from CT and have a few local people to plow, mow lawn and clean cabins, it is a very easy business to manage if you choose to be an absent owner as we are.

Detailed Information

Location:
Rockwood, ME
Real Estate:
Owned
Included in asking price
Building SF:
3,000
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4 identical cabins 700sf each with 3 bedrooms and full bath, fully stocked with everything renters need except food and clothes. Also have a 12x12 utility shed that houses washer & dryer and well pump but has plenty of room for extra storage.
Competition:
our cabins are probably the nicest cabins in the area for the price per night
Growth & Expansion:
there is large field on our property that may have possibility to build more cabins, with an onsite owner you could offer boat, snowmobile, ATV and ice shake rentals
Support & Training:
we can remain on board for up to 6 months to help new owners make smooth transition
Reason for Selling:
we have quite a few other businesses and want to slow down a little
Business Website:
http://www.theblackbearcabins.com
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Business Listed By:
Dan DuPuis

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