Listing ID: 79036
This operation has been a successful lodging business through the years as a convenient and desirable lodging establishment located in the heart of the Mount Washington Valley, a four-season resort. It will thrive under an ownership sensitive to its history yet with a transformative vision of customer service that is expected by today’s discriminating clientele. The business would be perfect for an on-site couple, partnership or individual person eager to work in a beautiful environment and with experience in hospitality or an avocation toward managing a hospitality business.
The facility features multiple lodging types and nicely landscaped grounds with an in-ground pool. The property is just minutes away from all summer and winter activities of the Mt. Washington area.
Business is increasing again after the downturn resulting from the effects of the Covid-19 virus year with people looking to get out again to the White Mountains, resulting in bookings steadily coming in for the summer and fall. The business is being run under an off-site owner business plan. A business of this type generally does best under ownership that is personally and actively involved in operations to assure consistent delivery of services to customers.
The business and property including on-hand supplies and $20,000 worth of furniture, fixtures and equipment, good will, vendor, supplier, property service company lists and training on the reservation system are offered at $1,595,000.
- Asking Price: $1,595,000
- Cash Flow: $73,137
- Gross Revenue: $174,129
- EBITDA: N/A
- FF&E: $20,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Support and training during the transition is available.
To pursue other interests.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you may be 2 totally different things. For instance, they might say "I have a lot of various obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competition, recent decrease in earnings, or an array of other factors. This is why it is very essential that you not depend totally on a seller's word, however rather, utilize the vendor's answer along with your total due diligence. This will repaint a more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover things such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that revenue margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new clients? Most times, operating businesses have repeat customers, which form the core of their daily profits. Certain factors such as new competitors sprouting up around the area, roadway building and construction, and personnel turnover can influence repeat clients as well as adversely influence future revenues. One crucial point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business on a regular basis, the better the chance to develop a returning consumer base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? How might the regional typical family income influence future earnings prospects?