788 Laconia Rd
Tilton, NH 03276

PRICE REDUCED! Motivated Seller!. Excellent long-term investment opportunity to purchase a completely renovated 30-room motel in the Lakes Region of New Hampshire. Located on a very high traffic location with water views, the motel has deeded beach and dock rights to Lake Winnisquam. The motel is close to the wide variety of four-season activities that are found in the vibrant Lakes Region. There are multiple room types from king suites to micro rooms to accommodate a wide range of guests. Over the past year, well over $200,000 has been invested in renovation costs with other upgrade projects still being completed. Like all hospitality businesses, sales in 2020 were impacted by travel restrictions and shutdowns. The business has totally bounced back from last summer's restrictions. Every weekend throughout the summer is completely booked. The nine days of Motorcycle week are sold out. The business and real estate, including $150,000 worth of furniture, fixtures and equipment, good will, management systems and software, $7,500 to $10,000 worth of inventory and supplies are offered at $1,949,000 allocated at $1,799,000 toward the value of the real estate and $150,000 toward the value of the business and its assets. Some seller financing may be available for a well qualified buyer.