Sunday, August 30, 2020

ZOOM Aspiring Innkeeper Workshop Schedule is Posted

 






ZOOM ASPIRING INNKEEPER
WORKSHOP SCHEDULE DATES HAVE BEEN POSTED



October 3 & 4
10a-1p each day, ending on Sunday with our virtual wine tasting


November 7 & 8
10a-1p each day, ending on Sunday with our virtual wine tasting

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The Maine Inn Team launched our Aspiring Innkeeper Workshops for 2020 and then Covid Hit.


Like so many businesses, we are looking for ways to adapt to this new present day challenge. Things seem to change so quickly and so must we. 
 
We are seeing an uptick in interest from prospective buyers, particularly those looking to get out of Covid hot spots and up to Maine where the population may be less and the beauty, experiences and overall quality of life Maine has to offer is unsurpassed.
 
Our two-day weekend workshops were scheduled for 2020, but with the uncertainty of Covid-19, we are looking for ways to provide all of the same important content, but in ZOOM fashion instead. This will save you time, money and effort if you prefer to learn from home along with other aspiring innkeepers!
 

More information about our aspiring innkeeper workshop can be found herehttps://www.danamoos.com/seminars.html


The cost is $95 per individual or $180/couple.


Each shipment includes printed materials, a bottle of Cellardoor wine (let us know if you have a red, white or dessert wine preference) and a copy of The Art of Breakfast cookbook.


You can sign up for the workshops here.


 

 

 



We look forward to educating you!

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