Listing ID: 83447
Have you always dreamed of living in a postcard? Here’s your chance to own an operating Christmas Tree Farm in an incredibly picturesque location with great growth potential. This 35-acre serene property contains a 2300+ sqft primary residence, a yurt, and a 262-year-old farmhouse primed and ready for Airbnb rentals! This business enjoys a renowned and rapidly growing reputation for hosting weddings, as well as musical performances and community events on the post-and-beam pavilion.
The 1760 farmhouse has been newly renovated and professionally decorated, with a focus on preserving historic detail and quintessential New England charm, while adding modern conveniences. Attached to the farmhouse, there is a rustic barn which could easily be renovated into a large and welcoming indoor event center.
Situated in the middle of the tree farm, is a smaller, traditional barn, which serves as a welcoming center for customers. A spacious and fully furnished yurt graces the highest point of the property and affords peaceful views of the land. Additionally, the owner’s residence is also available; a two-bedroom, immaculately maintained gambrel featuring a stunning sunroom with gorgeous views, a detached garage, as well as a small barn.
There is incredible income potential for an owner since in addition to the revenue from the events, the farmhouse, yurt, and owner’s residence can be rented out for short-term residents.
With the demand for outdoor wedding and event venues growing steadily, and Maine holding strong as one of the top vacation destinations, this one-of-a-kind property will not remain available for long!
- Asking Price: $1,500,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
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- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. However, the genuine reason vs the one they tell you may be 2 completely different things. For instance, they might state "I have too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competition, recent decrease in incomes, or a variety of other reasons. This is why it is really crucial that you not depend totally on a seller's word, however rather, use the seller's response in conjunction with your general due diligence. This will paint a more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover things such as inventory, payroll, accounts payable, etc. Remember that in some cases this can suggest that earnings margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new clients? Many times, businesses have repeat consumers, which develop the core of their daily revenues. Certain aspects such as brand-new competition sprouting up around the area, road construction, and also personnel turn over can affect repeat consumers and also adversely impact future earnings. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the better the opportunity to build a returning consumer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? How might the regional typical household earnings impact future earnings prospects?