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Business For Sale
MOTEL/RESORT PROPERTY
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Asking Price: |
$525,000
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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Relocation |
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Year Established:
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2004 |
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# of Employees:
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4 |
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Yearly Cash Flow:
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$80,000 |
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Yearly Gross Income:
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$150,000 |
Business for Sale Overview:
A 30 unit motel located on Highway 42 near downtown Algoma close to Lake Michigan; the Ahnapee River borders the property with 8 boat slips for overnight guests; business has shown historical income growth with proprietor operating a charter fishing business also available for purchase; Big Waters Charter Fishing operates out of the Algoma harbor and includes a 30 foot Baha Cruiser with all the necessary equipment for lake fishing; this family run operation is a wonderful opportunity for someone interested in a resort property with all the amenities
Property Features and Assets:
30 unit facility 8,000 square feet with living quarters
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.
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