Carroll Motel & Cottages..Under Contract

Twin Mountain, NH (Coos County)

Carroll Motel & Cottages..Under Contract
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Asking Price: $650,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $296,120

Established: 1950

Carroll Motel & Cottages..Under Contract

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Business Description

Photo Portfolio: https://photos.app.goo.gl/bJeERNL4iNMaY1uD9

This 18 unit motel and cottage property located on +/- 5.36 acres of land in the Town of Twin Mountain, New Hampshire was built from 1950 to 1965, depending on the specific building. The owner’s ranch style home dates from 1965, the twelve cabins from 1950 and the 6 unit motel building from 1965. The property has been continually updated and has all the conveniences that the traveling public expects but it also has kept all the cozy charm of yesteryear.

The 18 guest units all are heated & air-conditioned, have cable flat screen televisions, in-room coffee makers, and refrigerators. The cottages all vary in size and layout, some are equipped with either full kitchens or kitchenettes. Some cottages have screened in porches, all offer picnic tables and grills. Six of the cottages are available for use in the winter. The motel gives guests a variety of room types including 2 Full bedded rooms, Queen bedded rooms or 1 Queen and 2 Twin bedded rooms. Each room is nicely appointed with very comfortable furnishing, all with a “theme” style. All the rooms have private bathrooms, featuring showers and a truly homey feel.

Outside amenities include an outdoor heated pool, direct access to snowmobile trails, picnic area with grills, kids play area, outdoor yard games including horseshoes, tetherball, and volleyball. An office area within the owner’s home is convenient for the owners to manage the property. A circa 1980 two car garage with an extra bay, measuring 24’ x 36’ has lots of upstairs storage and room for equipment, cars and “toys”.

The owner’s home is extremely comfortable and inviting, with a newly updated kitchen that is spacious and functional with new appliances and granite counter tops. With 1,360 square feet of living space, this 2-bedroom home offers owner’s a welcome respite. Another feature is a large and private deck complete with an 8-person hot tub w/ TV!

Financials will be provided to qualified buyers with a signed confidentiality statement.

Attached Documents


Detailed Information

Location:
Twin Mountain, NH
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
2
Facilities:
12 Cottages 6 Motel Units Two Bedroom Owner's Home: Updated and Renovated Kitchen Outside Deck and Hot Tub Family Room 1 Full Bathroom 1360 Square Feet On-Site Laundry Facilities Heated Pool 20' x 40'
Competition:
The Carroll Motel & Cottages has operated since the 1950’s with cabins and later added the motel component to the operation in the 1960’s. The property has had and continues to have an excellent reputation due in no small part to the efforts of the current owners. The property enjoys an enviable position throughout all social media. Trip Advisor reviews are outstanding with 93% giving an excellent or very good rating and a “Best Value” status on the site. Reviewers all comment on the charm, friendliness of the owners and most importantly the overall cleanliness of the property. Repeat customers are the rule and the property enjoys a robust level of business during the season. The property has a very pleasant curb appeal and is unique in its location with its quiet, private setting but still near the important tourist attractions. The motel/cottages and other buildings on the property have been well maintained and continue to be impressively “kept up” and improved by the current owners. Many renovations have taken place over the years and include renovating the owner’s home and well-documented improvements to both the cottages and motel buildings. Both the physical plant and the actual structures are thought to be in excellent condition. As mentioned previously, one of the true attributes of the property is the very private and comfortable owner’s home. Made up of two bedrooms, a full bath, a great kitchen and very comfortable living room and deck. The office adjoins the home, accessed from the interior, a very convenient arrangement. A 24' x 36' two-car garage + shop is also on property. The web site presence is excellent, informative, up to date and the website very user-friendly which allows guests to check availability online directly.
Growth & Expansion:
The property enjoys an excellent location in the heart of the White Mountains, close to summer and winter hiking activities, snowmobiling, downhill and cross-country skiing along with other outdoor activities. General tourism prospers in the area with many travelers vacationing in what has historically been one of the most popular destinations in New England. There are numerous dining options for the properties’ guests in the area with over 12 restaurants located in the Twin Mountain area.
Support & Training:
Owner's Will Train
Reason for Selling:
Owner's Retiring after 16 years at the property.
Business Website:
http://www.carrollmotelandcottages.com/
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(from currently available funds)
 
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Gary Gosselin

Business Listed By:
Gary B. Gosselin

The Hearthside Group

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