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Advert Ref: Woburn788

Oceanfront Motor Lodge, w/Exclusive Owners Residence For Sale

Details: Asking price:$2,700,000; Sales revenue:$170,036; Net profit:$94,958; Fixtures value:$50,000; Inventory value:Undisclosed

Business description: Coastal Massachusetts 8 Room Hotel w/Gorgeous Detached Owner's Residence. Real Estate included in sale price is valued at $1.75MM.

Absolutely UNMATCHED location in one of Massachusetts quaint coastal communities. It is literally not possible to be any closer to the water than this! Owner's residence includes 3 bedrooms on two levels of living, with unrivaled views.

Wake up every morning staring at the Atlantic ocean! Hotel has very strong seasonal occupancy with steady weekend business in the spring and fall. Current performance reflects a 6 month operating season and could be improved by returning to hotel's historical pattern of being open 9-10 months per year and/or by raising rates to market levels.

Additional retail space currently vacant provides a number of options for a new owner. Victualer's license is in place if new owner wishes to add food service to create additional income stream.

General information: Years established:8 years; Employees: 1 Part Time; Trading hours: Monday-Sunday, Seasonal; Real Estate: Real Property Included; Location:Included in sale price; Support & training:Seller will provide training; Reasons for selling:Retirement; Financing available?Seller will negotiate financing