In Town Full Service Inn, Merrimack County, NH

This classic colonial New England Inn has served its guests and its community since 1959.  This year it is celebrating its 50th year as a business; longevity which has provided the Inn an outstanding reputation for excellent accommodations and fine food.  Given its central yet out-of-the-way location in Southern New Hampshire and its proximity to Boston, the Inn has hosted a wide variety of guests, from romantic getaway couples to business travelers to well-known politicians and celebrities.  Most of the Inn’s guests have become repeat customers.
    
The Inn, in Merrimack County, has an excellent location in a small but active town with a familiar college and tourist attractions.  It is a little more than an hour’s drive from Boston and about four and a half from New York City.  The Inn is far enough away to offer a true getaway and yet close enough to provide access to all of what New England has to offer; historic towns and villages, the mountains, rivers and Coastal New Hampshire and Maine less than an hour away.  The town offers many outdoor activities such as skiing and white-water kayaking, as well nearby historic and cultural experiences including a Shaker village and Art Studios.  Of course, there is an all-inclusive outlet shopping center within a short drive.

Nine of the Inn’s guest rooms are in the main Inn and there are two other rooms and two luxury suites located in a separate renovated carriage house.  The rooms have been well cared for and some include fireplaces and whirlpool tubs.  They are spacious and well appointed.
Throughout the property there is an abundance of common and private space available.  This includes the main Inn common areas, a huge barn, in-ground pool, gardens, an excellent separate owner’s home, and an additional private apartment.  These spaces offer new owners opportunities to expand or additional space to use for themselves.
 
Marketing efforts have been consistent throughout the current owners’ tenure.  New owners will find all systems in place and by maintaining and expanding current marketing efforts they will be able to continue to grow the business.
 
The restaurant has been an important part of the Inn’s business model and while new owners will have an opportunity to modify or develop their own approach to food service, they will still find it is a strong contributor to the overall success of the Inn.
 
The Inn’s sales are consistently around $600,000 annually.  We believe new owners could build on the existing business and achieve a cash flow to sales ratio of around 28%, or upwards of $185,000 operating cash flow, with little or no capital improvement.However, there is also opportunity to grow the ancillary businesses at the Inn, such as corporate travel and weddings/functions, or through a capital renovation to expand or further upgrade the guest rooms and the property.
 
This currently profitable business opportunity is available at a price of $1.8 Million.