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Full Service Resort Property
Location: United States -> New Hampshire
Industry: Hotels and Holiday Accommodation > Holiday Resorts




Business Summary

This business is a well-established, historical resort property with a modern spa/fitness/indoor pool facility. It operates among the top of its competition regarding occupancy rates and RevPAR. It is located in a premier New England destination. This year-round resort has multiple revenue sources from their variety of lodging options, a busy restaurant and pub, a function facility, a retail shop, and a spa. There are 40+ units consisting of rooms, suites, and cottages.

There are a variety of meeting and function spaces that are able to accommodate intimate events for a handful of guests or large spaces with food service for groups up to 200 people.

The current owners have grown the business by focusing on systems, consistent marketing, and capital improvements. They have built an experienced well-trained team that earns high reviews from customers. The owners are willing to stay on for an extended transition period as managers for a passive investor or hotel ownership group.
- Successful lodging property with high occupancy rate that is at, or near, the top range for similar properties in their market
- ADR is in the middle of the range compared to similar properties in their area, so there is room to increase rates
- RevPAR is high compared to competition due to multiple revenue sources.
- Located in one of New England's premier tourist areas with higher rates and occupancy than most other New England destination resort areas
- Established brand with long history of success and high reputation
- High repeat clientele
- 40+ lodging units. Unique lodging with a variety of accommodations that appeal to a wide range of guests during different seasons
- Multiple revenue sources: rooms, restaurant, pub, functions, spa services, and retail.
- Comfortable owners' quarters on-site
- Current owners are willing to stay on as managers, making this an ideal passive investment
-Strong wedding and group business


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $3,000,000
Cash Flow:   $500,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1900
Number of Employees:  35 - 49
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

Photos

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Full Service Resort Property Photo 1




Print Listing Id: 700334770
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > New Hampshire Businesses For Sale > New Hampshire Franchises For Sale > New Hampshire Business Brokers



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