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Stunning Inn, Restaurant and Property in a coastal town. MA Opportunity Zone. This boutique inn offers 15 well-appointed rooms with spectacular views as well as a 145 seat bar and restaurant. The proprietors spent over $2.5 million in recent upgrades and renovations throughout the property. This has resulted in 20% YOY revenue growth with little marketing outreach. In the most recent year gross sales were approx. $2,200,000.00 with a cash flow of approx. $696,723.00. The sale price includes the inn, restaurant and property. Highlights include a business and property in a MA Opportunity Zone, a year round liquor license for the entire site plan, a full entertainment license until 12:30 AM, 5 separate revenue streams, hotel expansion opportunities, a 1 bedroom guest cottage, beach access across the street, built in private events clients, and much more. We are seeking a serious and financially qualified buyer with strong credit and at least $1.4 mil. - $2mil. in liquid funds to qualify for bank lending such as an SBA loan. A background in the hospitality industry is ideal. To learn more, please call or email Mel Vaz today at or [email protected] Full financials and address cannot be provided until a buyer has provided proof of liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!
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Seller will train
6,950,000.00 Down & Sales price includes the inn, restaurant and property.
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