Business for Sale Overview:
This 42 unit Motel, a well known franchise, is located at the exit of a major Interstate Highway. The traffic count at this junction is approximately 80,000 cars and trucks per day. The amenities include free high speed internet, gym & fitness center, free continental breakfast, HBO & cable. Each room has 25" flat screen TV, coffee maker, hair dryer, iron & ironing board & work desk, etc. Twenty-one (21) rooms have one (1) queen size bed & remaining twenty-one (21) rooms have two double beds. The Motel has one bedroom living quarters. The average occupancy for the year is approximately 60%, & average daily rate (A.D.R.) per room is approximately $57. Buyer must have good credit and $500,000 down payment.
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.
Property Features and Assets:
In last two years lots of improvement has been done. Property in excellent condition. There are two parcels of land included in the price. The motel is built on the first parcel - which is approximately 10 acres, and the second parcel is approximately 1.2 plus acres with 40 plus rooms approval.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.