Five Gables Inn - East Boothbay, ME
East Boothbay, ME
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REDUCED BY $245,000! Oceanfront 16 Room Inn renovated throughout; a separate private year-round beautiful owner’s home overlooking the ocean; and a separate staff house/residence. All 3 buildings are included and the seasonal Inn business nets $350,000± each year. Owners and investors will appreciate the time, energy and focused attention to detail that this property has to offer.
This is truly a turn-key operation with all systems in place for new owners to easily take over the business. Staff are experienced and long-term; succession and transition plans are in place.
It now represents one of Maines best Inns. The 16-room Inn is udated throughout, with working fireplaces, air conditioning, wrap-around deck, and access to a community dock for swimming and dipping toes into the pristine ocean. Scenic and serene, this property is in the quiet village of East Boothbay, a short drive from downtown Boothbay Harbor. The business incorporated an upgraded point of sale reservation system, phone system and WiFi. Operating seasonally, May through October, it has a 20-year history of profitability. Finances are readily available with a confidentiality agreement - see broker for details.
It consistently exceeds the demands and expectations of today's savvy travelers while still retaining the Maine feel and ambiance that attracts guests back year over year. The results of that commitment are now evident with excellent reviews, strong repeat guests and higher than average rates/occupancy.
Property Details- 16 Guest Rooms
- 16 Guest Room Baths
- Has Owner's Quarters
- Built in 1896
- Last Renovated in 2015
- Opened in 1896
- Building is 6,048 SQFT
- Lot is 0.75 Acres
- Photo Gallery
- Property Website
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