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Business For Sale
BEACH MOTEL WITH RESTAURANT
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Asking Price: |
$2,650,000
USD USA Dollars
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Business for Sale Industry: |
Services: Hotel, Motel, Lodging
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Reason for Selling:
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illness |
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Year Established:
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1958 |
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# of Employees:
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7 |
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Yearly Cash Flow:
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$175,000 |
Business for Sale Overview:
Location! Location! Location! Well established 9 room Motel with a cozy Italian Restaurant and manager quarters with garage. Located on 1.53 acres of beautiful ocean front property. Sale includes real estate. Well Priced and well below other similar properties listed in the area. Italian Restaurant also delivers and is well known for their pizza in the surrounding area. This can be an Investors dream, there is also room to expand current units on this property and increase an already generous cash flow. You have to see to believe! There are also approvals and variances for 3 single family homes for those wishing to redevelop the property. We will provide various Blueprint proposals of this gracious investment opportunity (for review only). Seller is Motivated and will entertain All Offers!
Property Features and Assets:
Located on the Beaches in Brevard County, 9 rooms, Italian Restaurant, manager quarters and 1.53 acres of ocean front property with 150 feet ocean frontage. Lots of redevelopment potential or leave as is.
Market Competition and Expansion:
Variances for single-family homes. The owner also has several ideas for redeveloping the current business and increasing sales and profits. Restaurant sales can be increases with further marketing and longer hours. Lots of potential.
Strong repeat business both locally and internationally (UK). Restaurant also delivers and is a favorite among the locals. Area is known for some of the best surf fishing in the county.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner may be 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.
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