Popular Inn With Restaurant And Bar
Location Massachusetts,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $522000
Net Profit / Cash Flow $222000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1950
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Sellers will provide support and training.
Reason for Sale Retirement.
Description A popular and well-established inn with a restaurant and bar is for sale! In business for over 50 years the inn has become a popular town fixture and caters to those traveling to the area for local events as well as local clientele for the restaurant and bar. Business has been strong and their 2008 summer season was their best season yet! The inn has 25 sleeping rooms, many with kitchenettes, making the business a popular option for those seeking short-term housing. The owners have the business featured on all of the major hotel websites for easy booking. There are several different types of rooms to accommodate singles up to groups of eight. There is a large restaurant and bar with a seating capacity of 79, with a full liquor license as well as Keno. The bar holds special events such as concerts and karaoke to draw customers. They offer popular bar fare such as burgers and nachos. The owners built a second, smaller bar with a capacity of 33 with a more intimate feel as well as an outdoor patio for use in warm weather. Due to demand they have also expanded their parking lot.
An added benefit is lodging for a working owner. There are various rooms, including the managers suite, which can accommodate a working owner and their family or if they employ a full-time manager.
The building is appx. 16,000 square feet on a 23,500 square foot lot. The main restaurant/bar occupies 2,800 square feet with an additional 2,700 square feet of storage. The owners have invested appx. $500,000 in improvements while owning the business including major renovations, adding a second bar and expanding the parking lot. All furniture, fixtures, equipment and inventory are included in the sale price.
Asking price is $1,750,000, which includes real estate valued at $1,500,000 and all FF&E and inventory. For more information please email or call Sarah Gudema, Baystate Business Brokers, at 617-562-5700.
Click Here To Contact Seller
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