Located in downtown Littleton, NH, consistently recognized as one of the best small towns in which to live in the United States, the Littleton Motel has been in operation since 1948 and is recognized as the oldest continually operating motel in New Hampshire. The current owner purchased the property in 2003 and has since converted 5 motel units into one-bedroom extended stay units; maintained 14 summer seasonal motel rooms; and continues to lease 3 one-bedroom apartments year-round on the second floor of the main house. The owner lives on the first floor of the main house in a two-bedroom, two bath, approximately 2100 square foot apartment, including the motel’s office and laundry room.
The Littleton Motel is located in the heart of downtown Littleton, a Main Street Community, within easy walking distance of restaurants, shops, convenience stores, and local attractions. A large percentage of motel guests, roughly 40%, are repeat customers, with 70-75% booking through the motel’s website, www.littletonmotel.com. The remaining 25-30% of guests find the motel online through Booking.com. The majority of guests are from New England, but guests from other areas of the country, Canada, and some European countries find their way to Littleton each spring, summer, and fall to enjoy the natural beauty of the White Mountains region.
Financial Information
$1,700,000
Asking Price
$323,526
Gross Revenue
Negotiable
Down Payment
Yes
Financing
Business Location
City:
Littleton
State:New Hampshire
Financing Comments
The seller may be willing to offer minimal owner financing to qualified buyers.
Reason for Sale
The owner is looking to retire and to spend more time in Florida after working his entire career in the hospitality industry.
Detailed information
Year Established:1948
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:Yes
SBA Prequalified:No
Part-Time Employees:6
Contractors:N/A
Owner Worked Hours/w:N/A
Inventory Included: No
Monthly Rent:
N/A
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$1,100,000
Building Size: 12307
FF&E Included?: Yes
FF&E Value: $75,000
Training/Support
The current owner is willing to stay on and train for two weeks after the transfer of the business at no charge. He is also willing to discuss contracting for longer term training and support depending upon the needs of the buyer.
Facilities
The property is extremely well-maintained, and the condition of the furniture, fixtures, and equipment included in the sale is very good.
Market Outlook/Competition
Aside from the couple of early Spring months of COVID, the property rebounded well as once the state began to open up, lodging properties with private entrances which could accommodate “touch-free” access were able to re-open earlier and bounce back quicker. The year-round rentals were minimally affected as well. 2021 was a banner year in the White Mountains region as families flocked to majestic, open spaces post COVID, a trend which is continuing through 2022.
The Littleton Motel is a comfortable, affordable home away from home for families, business travelers, and residents of this quintessential New England town. It is a one-of-a-kind lodging opportunity in the downtown area, and although there are many places to stay in the area, the location, quality of accommodations, and affordability set this lodging facility apart from its competition. There are two primary lodging competitors within a couple of miles of the Littleton Motel, but the Littleton Motel feels that its convenient downtown location, affordable rates, strong online reviews, clean and well-maintained accommodations, and an established reputation earned over seventy-five years of serving the community of Littleton gives them a leg up on their competition.
Real State Description
The Littleton Motel is located on 1.6 acres at 166 Main Street in downtown Littleton. Improvements to the property include the main Victorian style house, built in 1873, with 3972 square feet of living space, and including 3 one-bedroom apartments, a two-bedroom owner’s apartment, motel office, and laundry room. There are also 14 connected motel units, built in 1948, furnished, with private renovated baths, and totaling 4161 square feet of living space. Additionally, the Hillside Building includes 5 one-bedroom extended stay units, built in 1948, renovated in 2005, with total living space of 2574 square feet. The Hillside Building also includes a full concrete basement housing a workshop, mechanical rooms, storage, potential guest laundry facilities, and a proposed 1000 square foot game room. There is also an 1873 Carriage House that is undergoing a conversion into a 1600 square foot single family home including a two-car garage and wraparound porch.
The driveway and parking areas are paved, and there is a beautiful lawn which includes two gazebos, fire pits, and outside seating with beautiful views of downtown Littleton and the White Mountains beyond.
The property features town water and sewer, the buildings are vinyl sided for ease of maintenance, and the roofs are either metal (3 and 5 years old), asphalt shingles (12 to 15 years old), or rubber membrane (recently repaired), all in very good condition.
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