Saturday, April 10, 2010
Price Reduction - Lake House Inn, Waterford, Maine
Lake House Inn is now being offered at $750,000.
There are 8 guest rooms with private baths, a very spacious commercial kitchen and small restaurant. The Sellers have been running the restaurant successfully for several years; prior owners ran it for about 20 years. But personal health issues are requiring that the sellers downsize the restaurant aspect and focus more on the lodging. Good news for most buyers, though, as the B&B buyer and restaurant buyer are not often one in the same. Many inn buyers are intimidated by the restaurant aspect of a full service country inn, but in many cases, they shouldn't be. There are ways to limit your service to the public, such as seasonally or weekends; you can also reduce the size of your menu, making it easier for the amateur chef.
The inn sits on a large, well landscaped and wooded lawn, with a gazebo and lots of space, perfect for events. This is another revenue stream - allowing the owner who loves the food service industry but may not want to be a restaurant chef - to cater events, allowing use of the commercial kitchen. With plenty of dining space inside and out, Lake House Inn is ideal for many venues.
More Details can be found on my website