Sunday, February 7, 2016

This is the PERFECT time to buy an inn! WHY?

Glenmoor by the Sea

Glenmoor by the Sea

Glenmoor by the Sea

Greenville Inn

Greenville Inn

In our experience here in Maine, commercial hospitality financing can take anywhere from 90-120 days. And commercial rates are still fairly low, between 4.5-5%.

When does Maine's tourism "season" kick off? Memorial Day weekend! That's just shy of 120 days from now. A buyer would be in place in time for the start of the season (and revenue) and not carry the mortgage in the typically slower months (if open year round) or when closed (if seasonal). If you can't make it in by Memorial Day weekend, there's typically a lull after Memorial Day weekend into early to mid-June. The top of the tourism rollercoaster in most of Maine is July 4th, then it's a crazy busy ride, often until Columbus Day!

Of course transfers do take place in the midst of the ride, and it does take some goodwill and coordination between buyer and seller to facilitate a smooth transition for all parties (including guests), but working with an experienced broker who's been an inn buyer and seller certainly helps!

Call, email or text me if you have questions, I'm happy to help. And let's connect on Facebook, Instagram and Twitter or wherever else you can find me!

Old Orchard Beach Inn

The Birchwood

The Birchwood

Clark Point Inn

Clark Point Inn

Clark Point Inn
Claddagh Motel

Claddagh Motel

The view from a Camden water view B&B

Camden waterview B&B

Atlantic Birches Inn

Atlantic Birches Inn

Wilson Pond Camps at Moosehead

Wilson Pond Camps

Wilson Pond Camps

a Bar Harbor historic inn




Visit the listings page on my website for more details and photos of all of my Maine inns for sale

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