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Excellent Long-term Hospitality Investment For Sale

Tilton, New Hampshire, US
Asking Price:
$2,000,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

PRICE REDUCED! Motivated Seller!. Excellent long-term investment opportunity to purchase a completely renovated 30-room motel in the Lakes Region of New Hampshire. Located on a very high traffic location with water views, the motel has deeded beach and dock rights to Lake Winnisquam. The motel is close to the wide variety of four-season activities that are found in the vibrant Lakes Region. There are multiple room types from king suites to micro rooms to accommodate a wide range of guests. Over the past year, well over $200,000 has been invested in renovation costs with other upgrade projects still being completed. Like all hospitality businesses, sales in 2020 were impacted by travel restrictions and shutdowns. Sales for 2021 are picking up and the marketing efforts are showing results, as people are making reservations for summer and fall vacations. The business and real estate, including $150,000 worth of furniture, fixtures and equipment, good will, management systems and software, $7,500 to $10,000 worth of inventory and supplies are offered at $2,000,000 allocated at $1,850,000 toward the value of the real estate and $150,000 toward the value of the business and its assets.

Property Information

Real Estate:

Real Property Included

Location:

This fully renovated motel is located in the beautiful Lakes Region of New Hampshire close to lakes, mountains, shopping, dining and a variety of entertainment. Deeded beach and dock rights on Lake Winnisquam.

Premises Details:

Fully renovated 30- room motel with a variety of room types from micro, full, queen, king to suites.

Business Operation

Reasons for selling:

To focus on other interests.

Other Information

Support & training:

Support and training during the transition is available.

Furniture / Fixtures value:
$150,000 (USD) - included in the asking price
Inventory / Stock value:
$7,500 (USD) - included in the asking price

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