Retail - Other Eating & Drinking Places | Services - Hotels & Other Lodging

Asking Price	$3,650,000	Inventory	$15,000*
Gross Income	$650,000	Real Estate	$3,000,000*
Cash Flow	$365,000	Year Established	1992
FF&E	$360,000*	Employees	9

* included in the asking price

** not included in the asking price

Location-Location-Location! This newly constructed (2004) high-tech conference facility is ideally situated to serve Maine s most populous areas. Situated on approximately 29 acres this amazing structure can accommodate up to 300 guests. This energy efficient property is certified as an Environmental Leader through Maine s Department of Environmental Protection green lodging program. An adjacent-eight room B&B/Inn enjoys a 51% occupancy rate and the property has ample room for additional lodging facilities. The sale includes real estate and is suitable for a 1031 Exchange.

Facilities: The facilities have been designed for ease of maintenance and energy efficiency. All the infrastructure is in place to allow new ownership to take over without having to undertake a major expansion.

Competition: The gathering place event center has a following of Central Maine based non-profit and governmental agencies that use the facility on an exclusive basis. The space needs to be marketed to clients in a broader geographic area.

Growth/Expansion: There is a strong demand for facilities that can host weddings, business meetings and other events in a setting other than a hotel ballroom. This business is in a unique position to meet those demands as well as being a property that encourages environmentally friendly practices. The current owners recognize that new ownership needs a marketing background.

Financing: Financing to be determined on a individual basis. $50K working capital needed.

Support/Training: Support training will be available.

Reason Selling: Retirement