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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.
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Seller will train
6,950,000.00 Down & Sales price includes the inn, restaurant and property.
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