Business for Sale Overview:
Beautiful 39 room 3 story motel with pool located 2 blocks from beach in an upscale family oriented Ocean County shore town. Sale includes 14,000 SF building, 16,119 SF lot and parking for 39. Motel and restaurant are licensed for year round use. Owners currently only operate the motel during 12 week summer season. Building has been recently completetly renovated. Looks like new inside and out. Facilities include pool, wifi, coffee shop, cable TV with HBO and off street parking. Very family oriented hotel. Occupancy 89% in late July and August season. Property tax assessed for $2.4 million. Motel has 7 king rooms and 4 queen rooms making it possible for couples getaway weekends during off season.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Motel and Restaurant is two blocks from the beach and is beautifully renovated. Building is 14,039 Square Feet, Lot Size is 16,119 Square Feet. Has parking for 39. Building is completely renovated.
Market Competition and Expansion:
Competition: Motel and Restaurant is located in a prime location, two blocks from the beach in a great Jersey Shore Resort with increasing year round residents.
Growth and Expansion: Motel /Restaurant can be operated year round. Currently owners operate the business as 12 week seasonal business. Growth Potential; motel is heated and can increase sales additional $275,000 weekly rentals in off seasons. Restaurant currently only serves breakfast which is included with rates. Can be operated as full service (including lunch dinner) or rented out. Option to charge for breakfast during summer & have restaurant open year round
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.