Quintessential Seaside Retreat -

Asking Price$1,125,000

Cash Flow
$56,188
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$267,110

Inventory$5,000
Included in asking price
FF&E$109,650
Included in asking price
Real Estate$1,100,000
Included in asking price
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Quintessential Seaside Retreat -


Asking Price$1,125,000

Cash Flow
$56,188
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$267,110

Inventory$5,000
Included in asking price
FF&E$109,650
Included in asking price
Real Estate$1,100,000
Included in asking price
Business Description
Nestled on the picturesque waterfront of Lubec, Maine, Cohill's Inn stands as a beacon of hospitality and charm. Recently crowned the "Best Seaside Pub in New England" by Yankee Magazine, this historic nine-room inn exudes warmth and character, offering a fully functional restaurant, pub, and inviting lounge area to delight guests.

Among its abundant offerings, six rooms provide breathtaking waterfront views, while a spacious deck invites visitors to savor the mesmerizing waters and ever-changing tides. Complementing the deck and pub area are herb and vegetable gardens, enhancing the overall experience and creating a truly wholesome ambiance for guests to enjoy.

With roots deeply embedded in Lubec's history for decades, Cohill's Inn boasts a location that is a treasure in itself. Surrounded by renowned tourist destinations like Campobello Island, Quoddy Point, and other historical landmarks, the inn's setting is an invaluable asset that enriches the guest experience. Recent renovations and equipment upgrades have further streamlined operations, ensuring efficiency and offering the flexibility for potential adaptations, such as transitioning to a high-end bed and breakfast model to explore new avenues of opportunity.

Amidst a backdrop of landmarks and captivating scenery, Cohill's Inn faces competition from other hospitality establishments in the area. However, its unrivaled location, outdoor decking, and enchanting vistas set it apart as a standout choice for visitors seeking a memorable stay. The inn's intimate size and inherent charm only add to its allure, making it a sought-after destination for travelers in search of a unique and delightful lodging experience.
About the Business
Years in Operation
18
Employees
10
Facilities & Assets
Spanning a total of 6,480 square feet on 0.06 acres of prime land, Cohill's Inn offers ample space for guests to unwind and indulge in the coastal tranquility of Lubec, Maine. The presence of abundant public parking adjacent to the inn further enhances accessibility, welcoming visitors to explore and experience all that Cohill's Inn has to offer.

Recent renovation and remodel of the restaurant and kitchen in 2020 have breathed new life into these spaces, infusing them with modern sophistication and style.
Website
https://www.cohillsinn.com/
Market Outlook / Competition
In a market teeming with competitors, Cohill's Inn stands out as a beacon of distinction, nestled among iconic landmarks and breathtaking scenery. Surrounded by other hotels and bed-and-breakfast establishments, Cohill's Inn reigns supreme with its unrivaled location, offering a mesmerizing view from over half of the rooms as well as the outdoor deck that is simply unmatched. Boasting a manageable size and undeniable charm, Cohill's Inn exudes a unique allure that sets it apart, promising guests an experience of unparalleled intimacy and authenticity.
Opportunities for Growth
Opportunities abound for prospective buyers to enhance operations and drive growth at Cohill's Inn. By extending restaurant and pub hours, expanding the menu to include breakfast and lunch options, as well as an increase in open and close dates, the venue can maximize its potential and cater to a broader clientele. While the inn's marketing efforts have been largely self-managed, there is significant potential for growth through paid traditional and digital marketing initiatives, as well as expanded partnerships with key industry players.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
6,480
About the Sale
Seller Motivation
Entering Retirement
Transition Support
The current owners oversee innkeeping,maintenance and culinary operations, supported by a dedicated team of 10. As they approach retirement, they are open to collaborating with the incoming buyer to facilitate a seamless transition.
Financing Options
This opportunity eligible for SBA & FAME guarantee programs.
Listing Info
ID
2131963
Listing Views
3368
Business Location

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Business Listed by: Jenn Morin Trinity Business Brokers

Listing ID: 2131963 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.