Services - Hotels & Other Lodging

Asking Price	$1,395,000	Inventory
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	1960
FF&E	Included*	Employees	N/A

* included in the asking price

** not included in the asking price

This property offers comfortable, spotless, well-equipped accommodations for a reasonable price and has been family-run for 12 seasons. The location is excellent right between the popular destination towns of Camden and Rockport on the Mid-coast of Maine on Route One. The Claddagh was voted "Best Bargain" in the U.S. by Trip Advisor in 2008 and enjoys a great reputation with repeat guests. The owners quarters consist of 3 bedrooms, 1 and 1/2 baths, a sitting area, dining room and kitchen, and are located on the second floor of one of the two large buildings that make up a portion of the property. The rooms and suites offer an array of bed sizes, with some queens, kings and full beds to accommodate couples, families and singles alike. The suites (one or two-bedroom) have full or partial kitchens, some with sitting rooms and all the motels rooms and suites are non-smoking. The kidney-shaped pool is a hit with families and there is a great breakfast room where guests get a deluxe continental breakfast each morning. There are nice views of Penobscot Bay from some of the rooms as the motel sits just a stones throw from the water. This property enjoys an excellent seasonal income and has the potential for expansion with approval already in place for another building housing two more suites on the upper level and two income producing retail spaces on the lower level. The buildings are up to date with regard to shingles, electrical and plumbing.

Facilities: All furnishings, fixtures and equipment - turn key.

Competition: In a prime destination location along major artery along mid-coast maine.

Growth/Expansion: Approval in place for additional building with two suites and two retail spaces.

Support/Training: Negotiable at Purchase