Quintessential Seaside Retreat -

Lubec, ME

Asking Price:	$1,125,000
Gross Revenue:	$267,110
FF&E:	$109,650
Established Year:	2007

Cash Flow:	$56,188
Inventory:	$5,000
Real Estate:	$1,100,000

Listing ID: 2131963Listing provided by BizBuySell

BUSINESS DESCRIPTION

Nestled on the picturesque waterfront of Lubec, Maine, Cohill's Inn stands as a beacon of hospitality and charm. Recently crowned the "Best Seaside Pub in New England" by Yankee Magazine, this historic nine-room inn exudes warmth and character, offering a fully functional restaurant, pub, and inviting lounge area to delight guests.

Among its abundant offerings, six rooms provide breathtaking waterfront views, while a spacious deck invites visitors to savor the mesmerizing waters and ever-changing tides. Complementing the deck and pub area are herb and vegetable gardens, enhancing the overall experience and creating a truly wholesome ambiance for guests to enjoy.

With roots deeply embedded in Lubec's history for decades, Cohill's Inn boasts a location that is a treasure in itself. Surrounded by renowned tourist destinations like Campobello Island, Quoddy Point, and other historical landmarks, the inn's setting is an invaluable asset that enriches the guest experience. Recent renovations and equipment upgrades have further streamlined operations, ensuring efficiency and offering the flexibility for potential adaptations, such as transitioning to a high-end bed and breakfast model to explore new avenues of opportunity.

Amidst a backdrop of landmarks and captivating scenery, Cohill's Inn faces competition from other hospitality establishments in the area. However, its unrivaled location, outdoor decking, and enchanting vistas set it apart as a standout choice for visitors seeking a memorable stay. The inn's intimate size and inherent charm only add to its allure, making it a sought-after destination for travelers in search of a unique and delightful lodging experience.

DETAILED INFORMATION

Location

Lubec, ME

Inventory

Included in asking price

Real Estate

Owned

Included in asking price

Building SF

6,480

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Spanning a total of 6,480 square feet on 0.06 acres of prime land, Cohill's Inn offers ample space for guests to unwind and indulge in the coastal tranquility of Lubec, Maine. The presence of abundant public parking adjacent to the inn further enhances accessibility, welcoming visitors to explore and experience all that Cohill's Inn has to offer. Recent renovation and remodel of the restaurant and kitchen in 2020 have breathed new life into these spaces, infusing them with modern sophistication and style.

Competition

In a market teeming with competitors, Cohill's Inn stands out as a beacon of distinction, nestled among iconic landmarks and breathtaking scenery. Surrounded by other hotels and bed-and-breakfast establishments, Cohill's Inn reigns supreme with its unrivaled location, offering a mesmerizing view from over half of the rooms as well as the outdoor deck that is simply unmatched. Boasting a manageable size and undeniable charm, Cohill's Inn exudes a unique allure that sets it apart, promising guests an experience of unparalleled intimacy and authenticity.

Growth & Expansion

Opportunities abound for prospective buyers to enhance operations and drive growth at Cohill's Inn. By extending restaurant and pub hours, expanding the menu to include breakfast and lunch options, as well as an increase in open and close dates, the venue can maximize its potential and cater to a broader clientele. While the inn's marketing efforts have been largely self-managed, there is significant potential for growth through paid traditional and digital marketing initiatives, as well as expanded partnerships with key industry players.

Financing

This opportunity eligible for SBA & FAME guarantee programs.

Support & Training

The current owners oversee innkeeping,maintenance and culinary operations, supported by a dedicated team of 10. As they approach retirement, they are open to collaborating with the incoming buyer to facilitate a seamless transition.

Reason for Selling

Entering Retirement

BUSINESS LOCATION

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