Thursday, May 7, 2020

STYLISH new listing hits the market in Boothbay Harbor









The chic Russell House was originally founded as a bed & breakfast by Mr. Harlow Russell. Over the years, the house has taken on many forms including a home, a restaurant, an office space, and now a restored bed and breakfast making it a unique place to stay in Boothbay Harbor.

Today, The Russell House exudes luxury and sophistication through its contemporary style and charming atmosphere. The upscale features and modern amenities create a luxurious Maine Coast getaway. Guests can relax in the stunning Lounge or enjoy the coastal Maine air outside on the spacious deck.

The Historic Russell House Bed & Breakfast is newly renovated and unique to the Boothbay Harbor Maine region, offering a charming and sophisticated contemporary style amidst the coastal community. All 8 guest rooms have en-suite baths, heat pump A/C units and beautiful glass and tile showers.

Set apart from the hustle and bustle of downtown Boothbay Harbor, this peaceful Maine setting is a perfect destination for intimate getaways, celebrations, or a relaxing escape to the Boothbay Harbor region. The inn is within 2 miles of the renowned Coastal Maine Botanical Gardens and less than 1 mile from the Boothbay Harbor Country Club & Golf Course.

Offered at $1,195,000. For more information see the listing on my website - https://www.danamoos.com/rh.html

financial details provided to qualified buyer with signed NDA


Saturday, April 11, 2020

Using your 401k to fund your inn acquisition







While these are uncertain and unprecedented, times, there does seem to be a silver lining for those who have the benefit of being able to take this time to reassess their long-term goals.

A recent look at Google Analytics suggests that a number of people are doing just that. The past week looks to be not only above last week’s numbers but also higher than same-time last year. Clearly some people have a bit more time on their hands and are doing some research, looking specifically at lodging properties in Maine. Further, Dana Moos of the Maine Inn Team had a conversation with a potential buyer who said that she had been “taking this time to really look at what would make her happy” and that she “did not want to have her 401(k) totally tied to the market” but to have more control of it herself. All of this led to an interesting conversation of “ROBS” not to mention a positive outlook.

Rollover for Business Startups, ROBS, is starting to catch on and become much more attractive for those looking to start their dream business. ROBS is an investment vehicle that allows investors with 401(k) plans and Individual Retirement Accounts to use the funds to buy a business and pay for start-up costs. A four-step process allows the account holder to access the cash without paying early withdrawal penalties or taxes. It’s becoming increasingly prevalent among retirement account holders who aren’t ready to retire, but are looking for that next opportunity to have their own business. Essentially, you are investing in yourself and your ability to succeed.

ROBS “has become a very helpful tool to some buyers who could otherwise not raise the capital needed to purchase, or to purchase what they would really like,” says Dana Moos, Director of Lodging and Hospitality Brokerage at The Swan Agency Sotheby’s International Realty. “I’ve had at least three or four buyers use it in recent years.

Perhaps you have been wanting to start a business but were not sure of the funding or how to get started. If the B&B business sounds enticing in meeting great people and working for yourself, check out one of the Aspiring Innkeeper Workshops to hear more and learn more about ROBS. Our dates and more information can be found on www.danamoos.com or email dana@danamoos.com
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Two companies who handle ROBS are:

Guidant Financial https://www.guidantfinancial.com/financing-solutions/401k-business-financing/
Benetrends https://www.benetrends.com/programs/business-funding-solutions/401-k-ira-business-financing


Buying or selling an inn can be a relatively long process. We don't just take part in a quick transaction, we establish relationships. The sale is not our goal. Your success is our goal. And our relationship doesn't end at the closing table. – The Maine Inn Team, Dana and Tori

Sunday, March 29, 2020

New Gorgeous Waterfront Listing across from Acadia National Park!

Acadia Bay Inn sits on the ocean across Frenchman Bay looking directly at the mountains of Acadia National Park. The view  and property are stunning.

The inn offers 7 very spacious guest rooms, 4 with ocean views and decks, all with lovely,  renovated private ensuite baths.

The inn's parlor is the epitome of a 'great room' with a very large Inglenook fireplace, and bead board wood ceiling.

The inn has a common deck as well as guest room decks. And a staircase leads you down to the inn's  'pebble' beach.

A fantastic spot to spend time relaxing before or after a visit to Acadia, if you can tear yourself from the view.

Offered at $1,375,000

For more details, visit the listing page on my website and contact me with any questions. Financially viable from May-October season which can be extended.