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  • 295 Hammond St, Bangor, ME 04401
  • (207) 922-3276
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Quintessential Seaside Retreat

By Deal Studio 

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Asking Price
$1,125,000 The total asking price of the business for sale.
SDE
$56,188Seller's Discretionary Earnings (SDE) is a metric for determining the historical cash flow of a business. It is a recasting process that starts with the net profit of a business, from either the business tax return or the year-end income statement.

Industry

Bed and Breakfast

Gross Revenue
Location

$267,110
7 Water Street Lubec ME 04631

Business Description

Nestled on the picturesque waterfront of Lubec, Maine, Cohill's Inn stands as a beacon of hospitality and charm. Recently crowned the "Best Seaside Pub in New England" by Yankee Magazine, this historic nine-room inn exudes warmth and character, offering a fully functional restaurant, pub, and inviting lounge area to delight guests.

Among its abundant offerings, six rooms provide breathtaking waterfront views, while a spacious deck invites visitors to savor the mesmerizing waters and ever-changing tides. Complementing the deck and pub area are herb and vegetable gardens, enhancing the overall experience and creating a truly wholesome ambiance for guests to enjoy.

With roots deeply embedded in Lubec's history for decades, Cohill's Inn boasts a location that is a treasure in itself. Surrounded by renowned tourist destinations like Campobello Island, Quoddy Point, and other historical landmarks, the inn's setting is an invaluable asset that enriches the guest experience. Recent renovations and equipment upgrades have further streamlined operations, ensuring efficiency and offering the flexibility for potential adaptations, such as transitioning to a high-end bed and breakfast model to explore new avenues of opportunity.

Amidst a backdrop of landmarks and captivating scenery, Cohill's Inn faces competition from other hospitality establishments in the area. However, its unrivaled location, outdoor decking, and enchanting vistas set it apart as a standout choice for visitors seeking a memorable stay. The inn's intimate size and inherent charm only add to its allure, making it a sought-after destination for travelers in search of a unique and delightful lodging experience.

Detailed Information
Internal ID
005

Number of Employees
10

Year Established
2007

Financing Notes
SBA & FAME

FF&E
$109,650

Inventory
$5,000

Real Estate
$1,000,000

Real Estate Included
Yes

Additional Information
Reason for Selling

Entering Retirement

Facilities & Assets

Spanning a total of 6,480 square feet on 0.06 acres of prime land, Cohill's Inn offers ample space for guests to unwind and indulge in the coastal tranquility of Lubec, Maine. The presence of abundant public parking adjacent to the inn further enhances accessibility, welcoming visitors to explore and experience all that Cohill's Inn has to offer. Recent renovation and remodel of the restaurant and kitchen in 2020 have breathed new life into these spaces, infusing them with modern sophistication and style.

Support & Training

The current owners oversee innkeeping,maintenance and culinary operations, supported by a dedicated team of 10. As they approach retirement, they are open to collaborating with the incoming buyer to facilitate a seamless transition.

Market & Competition

In a market teeming with competitors, Cohill's Inn stands out as a beacon of distinction, nestled among iconic landmarks and breathtaking scenery. Surrounded by other hotels and bed-and-breakfast establishments, Cohill's Inn reigns supreme with its unrivaled location, offering a mesmerizing view from over half of the rooms as well as the outdoor deck that is simply unmatched. Boasting a manageable size and undeniable charm, Cohill's Inn exudes a unique allure that sets it apart, promising guests an experience of unparalleled intimacy and authenticity.

Growth & Expansion

Opportunities abound for prospective buyers to enhance operations and drive growth at Cohill's Inn. By extending restaurant and pub hours, expanding the menu to include breakfast and lunch options, as well as an increase in open and close dates, the venue can maximize its potential and cater to a broader clientele. While the inn's marketing efforts have been largely self-managed, there is significant potential for growth through paid traditional and digital marketing initiatives, as well as expanded partnerships with key industry players.

Listing Agent
Jenn Morin
More Information »

Contact Listing Agent


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Sign NDA

Email Listing

Asking Price
$1,125,000
SDE
$56,188

Industry

Bed and Breakfast

Gross Rev.
Location

$267,110
7 Water Street Lubec ME 04631

Business Description

Nestled on the picturesque waterfront of Lubec, Maine, Cohill's Inn stands as a beacon of hospitality and charm. Recently crowned the "Best Seaside Pub in New England" by Yankee Magazine, this historic nine-room inn exudes warmth and character, offering a fully functional restaurant, pub, and inviting lounge area to delight guests.

Among its abundant offerings, six rooms provide breathtaking waterfront views, while a spacious deck invites visitors to savor the mesmerizing waters and ever-changing tides. Complementing the deck and pub area are herb and vegetable gardens, enhancing the overall experience and creating a truly wholesome ambiance for guests to enjoy.

With roots deeply embedded in Lubec's history for decades, Cohill's Inn boasts a location that is a treasure in itself. Surrounded by renowned tourist destinations like Campobello Island, Quoddy Point, and other historical landmarks, the inn's setting is an invaluable asset that enriches the guest experience. Recent renovations and equipment upgrades have further streamlined operations, ensuring efficiency and offering the flexibility for potential adaptations, such as transitioning to a high-end bed and breakfast model to explore new avenues of opportunity.

Amidst a backdrop of landmarks and captivating scenery, Cohill's Inn faces competition from other hospitality establishments in the area. However, its unrivaled location, outdoor decking, and enchanting vistas set it apart as a standout choice for visitors seeking a memorable stay. The inn's intimate size and inherent charm only add to its allure, making it a sought-after destination for travelers in search of a unique and delightful lodging experience.

Detailed Information
Internal ID: 005

Number of Employees: 10

Year Established: 2007

Financing Notes: SBA & FAME

FF&E: $109,650

Inventory: $5,000

Real Estate: $1,000,000

Real Estate Included: Yes

Additional Information
Reason for Selling

Entering Retirement

Facilities & Assets

Spanning a total of 6,480 square feet on 0.06 acres of prime land, Cohill's Inn offers ample space for guests to unwind and indulge in the coastal tranquility of Lubec, Maine. The presence of abundant public parking adjacent to the inn further enhances accessibility, welcoming visitors to explore and experience all that Cohill's Inn has to offer. Recent renovation and remodel of the restaurant and kitchen in 2020 have breathed new life into these spaces, infusing them with modern sophistication and style.

Support & Training

The current owners oversee innkeeping,maintenance and culinary operations, supported by a dedicated team of 10. As they approach retirement, they are open to collaborating with the incoming buyer to facilitate a seamless transition.

Market & Competition

In a market teeming with competitors, Cohill's Inn stands out as a beacon of distinction, nestled among iconic landmarks and breathtaking scenery. Surrounded by other hotels and bed-and-breakfast establishments, Cohill's Inn reigns supreme with its unrivaled location, offering a mesmerizing view from over half of the rooms as well as the outdoor deck that is simply unmatched. Boasting a manageable size and undeniable charm, Cohill's Inn exudes a unique allure that sets it apart, promising guests an experience of unparalleled intimacy and authenticity.

Growth & Expansion

Opportunities abound for prospective buyers to enhance operations and drive growth at Cohill's Inn. By extending restaurant and pub hours, expanding the menu to include breakfast and lunch options, as well as an increase in open and close dates, the venue can maximize its potential and cater to a broader clientele. While the inn's marketing efforts have been largely self-managed, there is significant potential for growth through paid traditional and digital marketing initiatives, as well as expanded partnerships with key industry players.


Listing Agent
Jenn Morin
More Information »

Contact Listing Agent


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Trinity Business Brokers
295 Hammond St, Bangor,ME 04401
Phone: (207) 922-3276, Email: info@tbb.biz

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Quintessential Seaside Retreat
https://tbb.biz/listing/quintessential-seaside-retreat/
Asking Price
$1,125,000
SDE
$56,188

Industry

Bed and Breakfast

Gross Revenue
Location

$267,110
7 Water Street Lubec ME 04631

Business Description

Nestled on the picturesque waterfront of Lubec, Maine, Cohill's Inn stands as a beacon of hospitality and charm. Recently crowned the "Best Seaside Pub in New England" by Yankee Magazine, this historic nine-room inn exudes warmth and character, offering a fully functional restaurant, pub, and inviting lounge area to delight guests.

Among its abundant offerings, six rooms provide breathtaking waterfront views, while a spacious deck invites visitors to savor the mesmerizing waters and ever-changing tides. Complementing the deck and pub area are herb and vegetable gardens, enhancing the overall experience and creating a truly wholesome ambiance for guests to enjoy.

With roots deeply embedded in Lubec's history for decades, Cohill's Inn boasts a location that is a treasure in itself. Surrounded by renowned tourist destinations like Campobello Island, Quoddy Point, and other historical landmarks, the inn's setting is an invaluable asset that enriches the guest experience. Recent renovations and equipment upgrades have further streamlined operations, ensuring efficiency and offering the flexibility for potential adaptations, such as transitioning to a high-end bed and breakfast model to explore new avenues of opportunity.

Amidst a backdrop of landmarks and captivating scenery, Cohill's Inn faces competition from other hospitality establishments in the area. However, its unrivaled location, outdoor decking, and enchanting vistas set it apart as a standout choice for visitors seeking a memorable stay. The inn's intimate size and inherent charm only add to its allure, making it a sought-after destination for travelers in search of a unique and delightful lodging experience.

Detailed Information
Internal ID
005

Number of Employees
10

Year Established
2007

Financing Notes
SBA & FAME

FF&E
$109,650

Inventory
$5,000

Real Estate
$1,000,000

Real Estate Included
Yes

Additional Information
Reason for Selling

Entering Retirement

Facilities & Assets

Spanning a total of 6,480 square feet on 0.06 acres of prime land, Cohill's Inn offers ample space for guests to unwind and indulge in the coastal tranquility of Lubec, Maine. The presence of abundant public parking adjacent to the inn further enhances accessibility, welcoming visitors to explore and experience all that Cohill's Inn has to offer. Recent renovation and remodel of the restaurant and kitchen in 2020 have breathed new life into these spaces, infusing them with modern sophistication and style.

Support & Training

The current owners oversee innkeeping,maintenance and culinary operations, supported by a dedicated team of 10. As they approach retirement, they are open to collaborating with the incoming buyer to facilitate a seamless transition.

Market & Competition

In a market teeming with competitors, Cohill's Inn stands out as a beacon of distinction, nestled among iconic landmarks and breathtaking scenery. Surrounded by other hotels and bed-and-breakfast establishments, Cohill's Inn reigns supreme with its unrivaled location, offering a mesmerizing view from over half of the rooms as well as the outdoor deck that is simply unmatched. Boasting a manageable size and undeniable charm, Cohill's Inn exudes a unique allure that sets it apart, promising guests an experience of unparalleled intimacy and authenticity.

Growth & Expansion

Opportunities abound for prospective buyers to enhance operations and drive growth at Cohill's Inn. By extending restaurant and pub hours, expanding the menu to include breakfast and lunch options, as well as an increase in open and close dates, the venue can maximize its potential and cater to a broader clientele. While the inn's marketing efforts have been largely self-managed, there is significant potential for growth through paid traditional and digital marketing initiatives, as well as expanded partnerships with key industry players.


Listing Agent
Jenn Morin
More Information »



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Address

(207) 922-3276
info@tbb.biz
295 Hammond Street
Bangor, ME 04401
P.O. Box 1533
Bangor, ME 04402

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