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Arkansas Business For Sale |
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| MOTEL-59 ROOMS WITH OWNER'S LIVING QUARTERS |
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| Attn: Jerry Ausburn |
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| Eureka Springs. , AR, USA |
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| Asking Price: |
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$1,200,000 Reduced USD USA Dollars |
| Business for Sale Industry: |
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Services: Hotel, Motel, Lodging |
| Reason for Selling: |
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Retirement. Sellers live 2 1/2 hours from the business and have limited involvement. |
| Year Established: |
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1980 |
| # of Employees: |
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11 |
| Yearly Revenues: |
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$300,000 |
| Yearly Cash Flow: |
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$121,386 |
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Business for Sale Overview:
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MOTIVATED SELLER HAS REDUCED HIS PRICE BY $200,000,000 DOWN TO $1,200,000 FOR THIS 60 UNIT MOTEL. Seller is willing to consider any reasonable offer. MOTEL APPRAISED IN MID 2005 FOR $1,300,000. Seller has made numerous improvements since this appraisal. Excellent motel in a tourist community, offering 59 rooms, 3 bedroom, 2 bath living quarters, a playground area, a seperate building used exclusively for conferences, meetings, parties with full kitchen facilities, a seperate storage building, swimming pool, extra parking for buses and another 5 plus acres for future expansion, all seting under hugh pine trees. Motel is operated by a Manager without any Owner involvement. Profit easily increased by more owner involvement. Assumeable SBA loan after a down payment of approximately $300,000 range. It may be possible to purchase Seller's equity in their LLC. SELLER IS MOTIVATED TO SELL AND WILL CONSIDER ALL REASONABLE OFFERS.
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Property Features and Assets:
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Total of 6 buildings, living quarters for the owners, 11 acres m/l with approximately 6 developed, parking for buses and all located in a wooded setting. In ground pool, playground, lots of parking. Excellent location on major highway in the growing tourist community. |
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Market Competition and Expansion:
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The are numerous motels in Eureka Springs but very few with this type of setting. The main building sets on the highway and the remainer of the property offers a beautiful wooded setting away from the highway with a peaceful and quite atmosphere. A great opportunity for someone wanting to semi-retire. Business is presently operated with Managers as Sellers are several hours away from business. |
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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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