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Business For Sale

MOTEL/RESORT PROPERTY

Attn: Not Available
Algoma, WI, USA
Listing Number: "BC1676"
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Asking Price: $525,000 USD USA Dollars
Business for Sale Industry: Services: Hotel, Motel, Lodging  
Reason for Selling: Relocation
Year Established: 2004
# of Employees: 4
Yearly Cash Flow: $80,000
Yearly Gross Income: $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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