Wednesday, August 25, 2010

Interactive Listing Maps...

I've just added interactive maps to each of my listings on my website...don't know how I missed doing that long ago, but they're in place now. It was a bit of an "Ah-HA" moment! It helps when a buyer interested in Maine doesn't have to Mapquest the address and try and find it...I've tried to show the scale such that it shows the surrounding towns.

Sunday, August 15, 2010

Another Incredible Maine Sunrise...

Typically I post information strictly relative to the lodging/recreational industry here in Maine. But this morning, I felt compelled to give you a visual on some of our Maine sunrises. The most beautiful, in my opinion, come mid-August through February - the air seems drier and we end up with some gorgeous colorful sunrises...just wanted to share this with those of you who aren't yet able to be in Maine...

Tuesday, August 10, 2010

Just Listed! Cafe 2 Eat-a-Pita Restaurant in Southwest Harbor, Maine - $448,000

NEW LISTING - Cafe 2 Eat-a-Pita in the heart of town in Southwest Harbor offers both indoor and outdoor dining, a small outdoor bar area, all in town within walking distance from most of the area's inns, B&B's and lodging. The restaurant has a very strong revenue in the short season from Memorial Day weekend to the end of the MDI Marathon, around the 17th of October. Contact me for more details or visit my website.

Click below to see all of the property photos
FOR SALE - Cafe 2/Eat-a-Pita Restaurant in Southwest Harbor, Maine

Monday, August 9, 2010

Become an Educated Buyer - talk with a Broker!

Just the other day I received three new inquiries from three new prospective buyers. Were buyers suddenly falling from the sky? Are we simply becoming accustomed to our new economy, or to today's economy? Buyers are again interested in making a lifestyle change. Real estate remains one of the better investments. And the lodging industry is often a much more enjoyable business to be in...where else do you deal with decompressing people on vacation?!

I spent a great deal of time taking phone calls and emails from people who are just thinking about buying a bed and breakfast and want to know how it works, what the bank will want, how they qualify, etc. And because I have had recent sales in this economy, this year, I am aware of what the banks are looking for. The first thing you need to know is that you will need a minimum of 25% down, more if the property isn't performing to the bank's satisfaction. If you went the SBA (Small Business Administration) route, you could potentially put down 10-20%. But there's a lot to understand about how a hybrid business, such as a bed and breakfast, is valued by the bank, by the SBA, by the Seller and by you, the potential Buyer. That magical number you must all agree upon in order to get to the settlement table is imperative and your Broker and banker should give you the knowledge to fully understand all that's involved in making this wonderful lifestyle purchase.

So the next time you see a property that speaks to you, take it a step open with your broker or meet with one to talk about representation so that you can discuss the financial end of things. It will save you precious time.

Tuesday, August 3, 2010

For those of you looking to move to Maine one day, here's a desktop Maine calendar...

Each month I will feature a new calendar with a different image, all taken in Maine. It could be the coast, could be the lakes and mountains, any season. Or it could be a local Maine food, farmer or food artisan.

Go ahead and download the August calendar - this is the sunrise over the ledge over Mount Desert Island. For any of you who have taken a nature cruise before, you've probably cruised right by Bunker's Ledge on your way out to the Cranberry Isles...

August Maine sunrise desktop calendar by Dana Moos

Sunday, August 1, 2010

A Staycation for Aspiring Maine Innkeepers...

An interesting concept - a Staycation...

I read an article in Down East Magazine recently about a Staycation - but in that regard it was more about staying around your home base for vacations and how many Mainers are doing just that.

But I know of some innkeepers who are entertaining guests out of the area at their inn who are interested in getting into the innkeeping business. We refer to this as a Staycation as well - it's a vacation; you're staying at an inn and shadowing the innkeepers. The real deal on the ins and outs of innkeeping.

If you're afraid to jump into the hospitality industry head first, maybe testing the waters with a Staycation is for you. Contact me if you're thinking about doing this in Maine, I just might now some innkeepers willing to take part!