Harbor & Pine Inn
A 24-room harbor-front inn with a farm-to-table restaurant
Highlights
- $2.6 million in revenue, up 9%
- 78% average occupancy all year
- Investors receive 4% of revenue until they get 1.5x
The problem
We turn away guests nine months of the year, and our restaurant can’t seat everyone who wants a table.
Our solution
Add eight rooms in the carriage house and expand the restaurant’s dining room and patio.
Traction
Average occupancy of 78% across the year, and a regional magazine named our restaurant one of the best in Maine.
Business model
Rooms (65% of revenue), the restaurant (30%) and events (5%).
Market
Camden draws visitors from across New England all year, and new rooms rarely open in town.
Competition
Other inns and vacation rentals. Guests choose us for our harbor views and our restaurant.
Vision
The best small inn on the Maine coast.
Investor perks
Thank-you rewards for investing. Perks aren’t part of your investment’s value.
- Investor nightA free night each year you’re an investor.$1,000+
Risks
Tourism is seasonal and sensitive to the economy, so a bad season means smaller revenue share payments. We carry a $1.15 million mortgage, which would be repaid before investors.