This bed & breakfast style inn is an architectural gem offering 9 individually decorated rooms. The setting is in a historic neighborhood within walking distance to town for shopping and dining. The town is an active New Hampshire seacoast town with a population of 28,500. The inn boasts an annual occupancy of approximately 60% and services both tourists and business travelers. Buyers seeking an inn in a more urban environment with strong year round business, a wide diversity of cultural and recreational opportunities, and a turn key operations will find this inn a good opportunity. This inn is a turn key operation that does not require significant capital improvements to sustain current revenue and requires limited staff to operate. It has good reservation and bookkeeping systems in place. The inn has strong occupancy and the ability to greatly increase room rates to market levels. • The ability to add other revenue sources and/or create separate owners quarters in the Carriage House Cash or Bank Financing, possible lease to own with $300K down.
Details
- Built in 1871
- 2 years as B&B
- Last renovation in 2005
- For Sale By Owner
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- 9 Guest Rooms
- 9 Guest Bathrooms
- Has owner's quarters
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- $950,000
- For Sale By Owner
- 60% annual. occ. rate
- $105.00 avg daily rate
- $210,000 gross revenue
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Listing Agent
CenterPoint Business Advisors, Inc., CenterPoint Business Advisors, Inc.
651 Main Street, Suite 200
P.O. Box 863
Franconia, NH 03580
Phone: 603.823.5999
Cell: 888.988.0999
FAX: 603-823-5998
email: info@cpointadvisors.com
Confidentiality Agreement
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Location
Main Dover, NH 03820