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Louisiana Business For Sale |
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| HOTEL - 48 ROOMS |
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| Attn: Edward Gianelloni |
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| Southeast Louisiana, LA, USA |
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| Asking Price: |
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Not Available |
| Business for Sale Industry: |
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Services: Hotel, Motel, Lodging |
| Reason for Selling: |
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Retirement |
| Year Established: |
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1983 |
| # of Employees: |
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FT: 4, PT: 1 |
| Yearly Revenues: |
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$400,000 |
| Yearly Cash Flow: |
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$300,000 |
| Monthly Payroll: |
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$3,000 |
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Business for Sale Overview:
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Nice hotel is located in a large city that is intersected by two major interstate highways. Hotel is located in the downtown area of the town which is a very nice, safe area. Hotel is 23 years old. It is two stories. The bottom floor was completely refurbished and remodeled and the same is currently being done to the upstairs. Building has a nearly new roof. Because of the shortage of housing rentals in the gulf coast area after Hurricane Katrina, the hotel only rents on a weekly basis. Hotel consistently maintains a 90% plus occupancy rate. Hotel is located in a city that is a great place to live and raise a family. There is abundant, affordable housing and very good public schools. Town is fast growing and considered an affluent suburb of a major metropolitan city just a few miles and a few minutes down the interstate. Seller will thoroughly train new owner on this very easy to own and operate business. Seller is ready to retire and will consider offers. Seller will seriously consider and promptly respond to all reasonable offers. Hotels of this size and capacity are popular and hard to find. This one won’t last long!!! Come see, make offer.
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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