Asking Price: $2,550,000 Gross Revenue: $998,444Cash Flow: Not DisclosedEBITDA: $191,830Inventory: $35,000 not included in asking priceFF&E: $250,000 included in asking priceReal Estate: $1,325,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This is your once in a lifetime opportunity to own The Inn on Newfound Lake. Located in he tranquil setting of Newfound Lake with 240 feet of lake front views, with a sandy beach for swimming and a boat dock with 6 slips and 4 moorings for the exclusive use of the guests. The Inn was lovingly restored, maintained and updated to reflect the magical era of when it was built and accommodate the expectations of today's travelers. With two dining options, The Pasquaney Restaurant and Wild Hare Tavern. Guest accommodations include 16 rooms and 2 suites in the main building and an additional 12 rooms in the Cottage House with lake and garden views. The Parlor is home to the grand piano with beautiful works of art and antiques. An additional sitting area is located in the lobby and also in the 2nd floor hospitality suite where continental breakfast is served. The welcoming front porch and extensive veranda invites you to sit in the fresh air. Additionally there are numerous gardens, a pond stocked with colorful Coy Fish and a delightful Mermaid Fountain that beckons you. Flowers line stone pathways leading to the exquisite barn accommodating up to 200 people with a fabulous dance floor, a custom designed antler chandelier, centered on the stone fireplace for wedding and event guests to enjoy. The barn is handicapped accessible with 2 private bathrooms plus a dressing room with bath. Also equipped with a catering kitchen with warming ovens and refrigeration for large receptions. The barn offers a large front deck overlooking the lake with additional patio seating area overlooking the stone wall, gardens and manicured lawn. You will find a private 4 car garage with storage area in the lower section of the barn. No detail was left untouched, an indoor fitness center is nestled in the gardens equipped with a hot tub, fitness equipment and free weights. The Owners Quarters include a beautifully appointed 2 Bedroom 2 Bath apartment with dressing room with built in accessories, coffee bar, washer and dryer for the private use of the Owners. In addition there is a large 1 bedroom apartment with kitchenette that may be used for the Owner’s family.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.