Business Overview:
This Motel has been in the area since 1952 and is still standing strong. It has great potential gross income of $75,000+ when owner and operator are hands on!!!! Great opportunity for you to start a business for less than a Condo purchase!!!!
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
18 rooms plus living headquarters based on busy street. There are several rooms that are occupied monthly from the same clients for years. Long term housing is big in this motel and generates great reliable income. 8 efficiency rooms, 10 other rooms for occupancy!! Northwest Iowa, 45 min. to Sioux Falls and 30 min. to Sioux City.
Market Competition and Expansion:
This motel caters to the blue collar business people!! There is only one other motel in town and their price is twice as much per room. They cater to all of the upper class clients, so there is huge amount of captivity in this motel due to only having the motel to serve the everyday person!!!
Reason for Selling:
Out of state owner.
Additional Details:
- 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 resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.