Business for Sale Overview:
This 32 room motel was built in 1981 and an addition (separate building) was put on in 1997. The motel is on 3.5 acres of land and the real estate tax is only $15,000 a year. It is the only franchise motel for an area of 17,000 people. It must stay a Super 8 until 2016. There is a large two bedroom living quarters with a large kitchen and living room. It is very nice. The exterior is brick and the roof is newer. All the rooms are in great condition. Singles average about $65.00 a night and doubles about $75.00 a night. The revenue for 2006 was $280,000, for 2007 was $320,000, and for 2008 was $320,000. The owner's benefit for one year is $197,000. The owner has owned it for 18 years and is ready to retire. You will not find a deal like this.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Wants to retire
Additional Details:
- The property is owned.
- The owner may be willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.