If owning a lakeside bed and breakfast is your dream, here's your chance. For just $125 and a 200-word essay, the Center Lovell Inn in Maine could be all yours. Innkeeper Janice Sage is running an essay contest to select the new owner. It's kind of a tradition. In 1993, Sage became the owner of the inn by winning a similar contest.
Sage isn't giving up the bed and breakfast for nothing. The property and building are valued at $905,000 and she expects to collect at least that much from the entry fees. In fact, Sage will return all the money if she doesn't receive at least 7,500 entries. This number of entry fees would give her about $938,000. She also pledges to give the winner $20,000 to get started.
The Center Lovell Inn has seven guestrooms, two dining rooms and a screened wrap-around porch. It was built in 1805 and overlooks the White Mountains and is less than two hours from Boston and a little more than an hour from Portland, Maine.
The subject of the essays must be why the contestant wants to own the inn. And keep it short – less than 200 words. Entries have to be postmarked before May 7, 2015, and the winner will be chosen before May 21.
Sage will select the top 20 essays and pass them to two judges who will pick the winner. According to the rules, the judges will have no vested interest in the business.