Return to search results

Resort Business w/ Spa & Event Venues

NH

Resort Business w/ Spa & Event Venues
Contact Seller

Asking Price: $5,200,000

Cash Flow: $500,000

Gross Revenue: $3,000,000

EBITDA: N/A

FF&E: N/A

Inventory: $40,000*

Real Estate: N/A

Established: 1900

*not included in asking price.

Resort Business w/ Spa & Event Venues

Save Print Share Valuation Report

Business Description

Here's your opportunity to become the proud owner of this vibrant, well-established resort business in the White Mountains of New Hampshire! Live in this beautiful area while operating this historical resort and spa business.

This business is a well-established, historical resort property with a modern spa/fitness/indoor pool facility. It operates among the top of its competition regarding occupancy rates and RevPAR. It is located in a premier New England destination. This year-round resort has multiple revenue sources from their variety of lodging options, a busy restaurant and pub, a busy event & function facility, a retail shop, and a spa. There are 40+ units consisting of rooms, suites, and cottages.

There are a variety of meeting and function spaces that are able to accommodate intimate events for a handful of guests or large spaces with food service for groups up to 200 people. They host ample weddings and gatherings of all sizes.

The current owners have grown the business by focusing on systems, consistent marketing, and capital improvements. They have built an experienced well-trained team that earns high reviews from customers.

For those looking for a more passive investment, the owners are willing to stay on for an extended transition period as managers for a passive investor or hotel ownership group.

• Successful lodging property with high occupancy rate that is at, or near, the top range for similar properties in their market
• ADR is in the middle of the range compared to similar properties in their area, so there is room to increase rates
• RevPAR is high compared to competition due to multiple revenue sources.
• Located in one of New England’s premier tourist areas with higher rates and occupancy than most other New England destination resort areas
• Established brand with long history of success and high reputation
• High repeat clientele
• 40+ lodging units. Unique lodging with a variety of accommodations that appeal to a wide range of guests during different seasons
• Multiple revenue sources: rooms, restaurant, pub, functions, spa services, and retail.
• Close to attractions, shopping, activities
• Comfortable owners’ quarters on-site
• Current owners are willing to stay on as managers, making this an ideal passive investment
• Good systems in place with ample management data
• Current owners have developed an excellent management team and a sustainable marketing program
• Year-round business with sustainable occupancy in all seasons
• Strong wedding and group business
• Since taking over this business, the owners have made significant capital improvements
• Strong and successful marketing program with a large database of past customers and an active, growing social media presence:
• 25,000 customer database
• 24,000 Facebook followers
• Fast-growing Instagram presence.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
40+ units. Variety of unit types. Restaurant. Pub. Spa. There are a variety of meeting and function spaces that are able to accommodate intimate events for a handful of guests or large spaces with food service for groups up to 200 people. Owner house.
Support & Training:
Sellers are committed to helping the new owners of their business experience an orderly transition of ownership and management. For individual or lifestyle buyers they can tailor their transitional services to the buyers' needs. For hotel holdings groups, EB5 investors, or financial investors they can offer intermediate or longer-term management services, including on-site management for some time.
Contact Seller

Contact the Seller

Contact Seller Loading

Michael F. Coyle, CBI, CExP

Business Listed By:
CenterPoint Business Advisors

CenterPoint Business Advisors, Inc.

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1637503 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


ATC Healthcare Services

Franchise Opportunity In NH
Cash Required: $100,000