Business for Sale Overview:
Primary Industry: Entertainment and Leisure > Hotels and Motels
Business Summary
The motel is part of a highly successful chain of motels in the mid-West and Western region of the U.S. ADR is $56 and walk in rate is $79. Owner just got a contract for 28 rooms from march 27/09 to march 27/10 at rate of $46.20 + Tax. So they are expecting $364704.51 addition in gross sale this year. This property 48 units 2 story, last month 200k improvement has done in all rooms, lobby, restaurant and pool extremely attractive to visitors, and has a warm and friendly atmosphere in the spacious lobby that includes gathering areas and a large fireplace.Suites available for guests, another popular option especially for leisure travelers.
BizQuest ID: 938494
Seller ID: 011909
Financials
Asking Price: $1,400,000
Gross Revenue: $500,000
Cash Flow: $100,000
Cash Flow Comments: take home
Inventory: $25,000 (Included in Asking Price)
FF&E: $500,000 (Included in Asking Price)
Real Estate: $1,200,000 (Included in Asking Price)
Seller Financing: Yes
About the Business
Year Established: 1988
Employees: 2 full time - 4 part time
Facilities: Well maintained
Market Outlook and Competition: Average
About the Sale
Reason For Selling: Relocating
Attached Files
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Reason for Selling:
Relocating
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
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