Janice Sage, owner of the Center Lovell Inn and Restaurant in Lovell, Maine, won the seven-room bed-and-breakfast herself in a similar essay-writing contest, way back in 1993.
Now, more than two decades later, she’s ready to “sell” up and retire.
Sage is holding her own essay contest, where the cost of entry is $125. Sage said she expects about 7,500 entries, bringing her total take to $937,500, just exceeding the value of the house.
Potential inn owners need to submit a 200-word argument for why they should own and run a bed-and-breakfast.
Sage will also take any leftover food and alcohol in the house, but all the furnishings will remain property of the inn. The new owner, however, has to agree to maintain the property as an inn and restaurant for at least one year after taking ownership. He or she also has to keep the building painted white, and the shutters painted forest green, hunter green, or black.
We just hope the new owners aren’t faced with the same $500,000 renovation bill that Sage was when she first took ownership – yikes!
Here’s one FSBO seller that agents may actually like; namely, an innkeeper ready to offload her 210-year-old property to the best essay writer. Yes, writer.