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Boutique Country Inn and Full-service Event Facility

Hallowell, ME
Front yard shaded by 100-year old sugar maples
Front yard shaded by 100-year old sugar maples
Asking Price:$4,295,000
Established Year:1992
Listing ID: 2227081Listing provided by BizBuySell
BUSINESS DESCRIPTION

Turnkey opportunity with spacious owner's quarters and room to grow

Well-established and highly successful boutique inn with eight guest rooms plus a full service conference, event, and wedding facility for 150+ guests, complete with on-site custom catering and full bar service. Centrally located to serve the entire state of Maine and beyond, several buildings on 31+ acres of rolling countryside that provides for expansion opportunities, although the current cash flow supports the listing price. Bonuses include 2-3 bedroom spacious owner’s or manager’s quarters, stellar reputation for being a leader in sustainability, fully equipped turnkey operation, tent to expand the largest (1800 s.f.) event space, large four-bay garage, 84-car paved and lit parking lot, four EV charging stations, sauna, outdoor hot tub, and much more. Current ownership for the past 32 years is seeking retirement. Adjacent 18+/- acres with house and storage barn also available.

ATTACHED DOCUMENTS
DIRECT 2023 offering brochure.pdf.pdf Download
DETAILED INFORMATION
Location
Hallowell, ME
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
20,504
Employees
8
Facilities
Spacious 8-room inn, numerous common areas, conference & event spaces ranging from 224 s.f. to 1800 s.f., 3-bedroom owner's or manager's quarters, large 2-story barn (now has llamas and chickens, but opportunities for additional event space), 4-bay heated garage, and 31+ acres of rolling fields and woods great for expansion or solar farm. Turnkey business with booked events and fully furnished and equipped. Large paved and lit parking lot, numerous sustainability initiatives including four EV charging stations, wind, and solar. Sauna and outdoor hot tub!
Competition
We are centrally located to serve organizations throughout Maine, and those that are holding events in the greater Augusta, Maine area. We are effectively the only boutique lodging establishment as a quiet rural alternative to the many chain hotels/motels in the greater Augusta, Maine area. The highly desirable meeting, event, and wedding facility is unique with the built-in technology, soaring ceiling, and lots of natural lighting and the property hosts 200+ events every year.
Growth & Expansion
The property is being conveyed with 31+ acres of buildable land, plus an additional 18+/- acres of adjacent land (with house and storage buildings) is available separately offering ample opportunities for growth, especially in terms of lodging. The two-story barn could easily be converted into a wedding and event venue, the present Gathering Place could also be expanded into a larger facility, and endless opportunities to attract destination conferences and weddings when more lodging is added.
Financing
Willing to finance adjacent 18 acres with buildings (not in listed price).
Support & Training
We are ready to work with owners to provide a smooth transition, impart our knowledge of the lodging and event business, all recipes used in the large commercial kitchen, and full details of all the building and utility facilities. We will agree to full-time training for a period of time as well as on-call availability for an extended period of time.
Reason for Selling
After 32 years, the current owners are looking to retire.
BUSINESS LOCATION
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Scott Cowger
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Scott Cowger
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