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Kennebunk Inn & Restaurant

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Kennebunk, Maine (York Co.)   |  Food and Beverage Businesses for Sale – Other Food and Beverage Businesses for Sale   |  Businesses for Sale Between $1M and $5M

Asking Price:
$1,495,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed

Real Estate:
 Not Disclosed

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Business Description

The Kennebunk Inn and Restaurant for sale is an historic hotel located in the heart of Kennebunk Village, a popular Maine southern coastal destination. Since 2003 the current owner/chefs have created a highly successful brasserie and tavern, Academe. Both the lodging and restaurant at the Kennebunk Inn are equally prosperous businesses.

The Inn has 23 rooms on three floors, 14 guest rooms and 9 suites. The rooms have been upgraded during the current owner’s tenure. The polished floors, new furnishings and fixtures in a majority of the rooms complement the historic surroundings that make this property so special. The suites are spacious and include seating areas, with premium pullout sofa beds, some with two bedrooms and some with mini-kitchens. The suites are targeted for families and couples traveling together. The guest rooms for business travelers, vacationing singles and couples. All rooms feature king or queen beds and a few with twin beds, all with private baths, air conditioning and Direct TV. The range of room and suites sizes, configurations and amenities and rates offer the diverse travelers flexibility and choice.

The dining room and tavern are open for lunch and dinner and has a 100 seat capacity. Private parties up to 120 and off-site catering is a nice additional portion to the dining business. A private meeting room, Baitler Board Room, can hold up to 18 guests. A courtyard patio located on the side of the building is also available for dining or hang out for guests in warmer weather.

The Inn is conveniently located in the heart of the village. Downtown Kennebunk has recently gone through a major revitalization. The streets are lined with over flowing flower beds, new sidewalks and reproduction antique street lamps. Store fronts and buildings have a fresh new veneer and stylish boutique shops have given the main street a new vitality.
This coastal Maine historic hotel, The Kennebunk Inn and Restaurant for sale, is offered for sale for $1,495,000.

About the Business

Real Estate:
Owned
Facilities:
The Inn has 23 rooms on three floors, 14 guest rooms and 9 suites. The dining room and tavern are open for lunch and dinner and has a 100 seat capacity. Private parties up to 120 and off-site catering is a nice additional portion to the dining business. A private meeting room, Baitler Board Room, can hold up to 18 guests. A courtyard patio located on the side of the building is also available for dining or hang out for guests in warmer weather.
Website:
www.bbteam.com
Market Outlook/
Competition:
The Inn’s restaurant, Academe, is a restaurant with local, state wide and national acclaim. The food is “…distinctive Maine, Brasserie-style, featuring fabulous food and friendly, informal service.” Current owner/chefs have ‘worked the crowd’, meaning they participate in food festivals nationally and locally, have been featured on Food Network shows and in countless publications. Plus consistently named an Open Table “neighborhood gem”. This exposure has put the Kennebunk Inn and Restaurant for sale on the map!
Growth & Expansion:
Always room for growth in a popular destination coastal Maine location like Kennebunk Maine. The area is a primary tourist destination which offers a multitude of attractions. A place on many first visit ‘bucket lists’ as well as a ‘return trip’ destination location.
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About the Sale

Reason For Selling:
Owners are retiring.
Training/Support:
will be agreed upon between sellers and buyers during due diligence.

Listing Info

ID:
1420771
Ad Detail Views:
34

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Business Listed by

Rick Wolf

The B&B Team Inc

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