Inn/Restaurant for sale in Barnstable County, MA - 33039

Financing

$800,000 Down and $800K sales price includes the inn and restaurant. The property is available for sale through the owner directly for $5.5 million.

Business Description

Stunning Inn and Restaurant on the Cape. Drastic Price Reduction! Must sell. MA Opportunity Zone. Open and operating! This boutique inn offers 15 well-appointed rooms with spectacular views as well as a 145 seat bar and restaurant with large multi location outside and inside dining to comply with social distancing guidelines due to Covid 19. The proprietors spent over $2.5 million in recent upgrades and renovations throughout the property. This has resulted in 20% YOY revenue growth with little marketing outreach. In the most recent year gross sales were approx. $2,200,000.00 with a cash flow of approx. $696,723.00. The business has had a strong 2020 with negligible impacts of Covid as this area is viewed as a safe haven with fresh air surroundings on a historic national seashore. The sale price includes the inn, restaurant for $800K. Profitability will be higher in 2020 over 2019. The property is available for sale through the owner directly for $5.5 million. Highlights include a business and property in a MA Opportunity Zone, a year round liquor license for the entire site plan, a full entertainment license until 12:30 AM, 5 separate revenue streams, hotel expansion opportunities, a 1 bedroom guest cottage, beach access across the street, built in private events clients, and much more. We are seeking a serious and financially qualified buyer with strong credit and at least $945K - $1.5mil. in liquid funds to qualify for bank lending such as an SBA loan. A background in the hospitality industry is ideal. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. Full financials and address cannot be provided until a buyer has provided proof of liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.