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Elegant Waterfront Boutique Hotel/ Chic Brunch Spot For Sale

Kennebunkport, Maine
Asking Price:
$2,100,000 Furniture / Fixtures included
Sales Revenue:
$372,714
Cash Flow:
$183,120

Turn-key, well established whimsical & elegant waterfront boutique hotel (7828 SF). Riverside chic brunch spot in the popular historic town of Kennebunkport. Private events, cottage, canoe and kayak rental on the grounds (13,939 SF). 1901 property was completely renovated in 2012 (interior & exterior). Commercial kitchen with updated equipment. Located close to the centre of town (15 minute walk to Dock Square). Close to Colony beach (2 minute walk). *Professionally branded property *Strong ADR *Top quality service awards *Increased occupancy potential *Expandable private event business *Could operated during other meal periods. Assistance during transition period can be negotiated.

Property information

Real Estate:

Real Property Included

Location:

This elegant waterfront boutique hotel is located in the popular historic town of Kennebunkport on a busy Avenue, just a 15 minute walk to Dock Square ( center of quaint town). 2 minute walk to Colony beach.

Premises Details:

1901 property was completely renovated in 2012. Interior renovation included; Guest rooms, luxury suite, cottage, ensuite bathrooms, restaurant/lounge, lobby area and hallways. Use of material; hardwood flooring throughout, bathrooms (granite, marble & stone). New furniture for the entire property. Exterior (Cedar siding & stonework, decks, patio, dock, signage, parking lot (12 spots) with 3 Tesla and 1 universal charging stations. New operating equipment (mixers, washers & dryers) & supplies. Commercial kitchen - new dishwasher, booster & grease trap.

Size in square feet:
7,828
Planning Consent:

Town permission to operate during additional meal periods (Lunch & Dinner).

Business Operation

Expansion Potential:

*Professional level branded property *Top quality guest reviews * Several service awards *Strong ADR *Revenue based on high-season period *Plenty of increased occupancy potential *Detailed operating reports available for purchaser *Currently operating only one meal period, could open for lunch & dinner *Expandable private event business

Competition / Market:

*Located close to the center of town (15 minute walk) *One of the few properties located on water *Close to the beach (2 minute walk) *One of the best spots in town (best performer on booking sites)

Employees:
7
Years established:
5

Other Information

Furniture / Fixtures value:
$132,319 - included in the asking price
Website:
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