Glen Rentals Bartlett New Hampshire
This a terrific opportunity to own a profitable, established and meticulously managed White Mountains of New Hampshire hospitality management business known as Glen Rentals. This business offers unique lodging option suitable for large groups, family gatherings or business meetings. In addition to the assets of the business, website, customer base, marketing and rental system etc., there are four separate sources of revenue included:
- A free-standing, recently built, 6,000 square foot, four-story lodging facility, with a brand new in ground pool, a newly added conference room with a 34-guest capacity.
- An adjacent two-bedroom bungalow which can be used for an owner/manager home or office or as an additional accommodation, sleeping up to ten guests.
- A chalet style home on three separate floors sleeping up to 16 guests
- Two-sided billboard - fully rented with a market value of $60,000.
Revenues for 2019 are tracking over $200,000 with every weekend this winter booked and the 2019 summer season nearly sold-out. Typical return for the owners, after the operating costs of real estate taxes, maintenance, room cleaning and laundry expense and marketing etc., has been 80% of sales. Guests last summer were so pleased with the new upgrades to the property that included the addition of an inground salt water pool, build out of a meeting room and enclosed porch as well as a covering for the existing deck, many booked upon leaving, assuring accommodations for this coming summer.
Savvy website optimization marketing has enabled the owners to develop a very healthy business. They have studied the marketplace and addressed its needs. Advanced deposits and repeat customers for winter, summer and foliage season bookings, provide year-round cash flow.
The business including goodwill, training during the transition to a new owner, website, non-compete agreement, customer database, $1,000 worth of supplies and inventory, $85,000 worth of furniture, fixtures and equipment, and the real estate are available for an offering price of $1,375,000.