Owner Financing is Available
Business for Sale Overview:
Franchised 100-Room Motel & Restaurant with Real Estate – North Carolina. Exterior Corridor On busy State Highway Between High Point & Charlotte, NC. This business is priced to sell quickly. At this low multiple (asking price to gross sales) it will not last long! Considerable scope to increase profitability: Banquet Room can be re-started or leased as Restaurant/Bar Conference Rooms can be re-modeled to increase revenue. Priced at Less Than Assessed Tax Value. Average Annual Gross Income for 2003-05: $700,000
100 rooms - Exterior Corridor.
Also available for lease-to-purchase with $200,000 down.
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:
Property Structure: about 35 years old
Land: 5 acres
Utilities: City Water, City Sewer
Owner owns the business since 1997.
Swimming pool 9’ deep. Separate Kiddy pool.
Parking: Adequate.
Run by Manager + 3 full-time employees + 2 part-time employees
Housekeeping done by professional housekeeping contractor.
Assessed Value: $2,208,370
Market Competition and Expansion:
Remodel the Restaurant / Bar as Banquet room (comes with fully equipped Kitchen) or lease it for additional income.
Remodel Conference room for additional income.
Advertise on the web for higher occupancy
Do the housekeeping by in-house staff to save money
Reason for Selling:
Owner is focusing on bigger projects
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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