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Business For Sale

Hotel

Atlantic City, NJ, USA

Services: Hotel, Motel, Lodging

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$1,300,000
Not Disclosed
Not Disclosed
Not Disclosed
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FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
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0
605317398
Owner Financing is Available
Seller will finance $900,000 @ 6% for five years based on a 30 year amortization.

Business for Sale Overview:

Hotel is beach block with 44 units. Hotel is in good condition. Many rooms recently remodeled and others being remodeled and restored to its original charm and splendor. Unique opportunity to invest in a beach block hotel in Atlantic City. Daily and monthly rooms available. Zoned resort commercial with laundromat and recently upgraded manager's suite. Higher potential income when upgraded rooms come on line. Seller can finance $900,000 @ 6% for five years based on a 30 year amortization. $400,000 downpayment needed.

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:

Hotel is beach block. Has 44 units. Currently being remodeled and restored.

Market Competition and Expansion:

Unique opportunity to invest in a beach block hotel in Atlantic City.

Reason for Selling:

Other Interests

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 not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.
 

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