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Asking Price:	$38,000,000 USD USA Dollars
Business for Sale Industry:	Services: Hotel, Motel, Lodging
Reason for Selling:	Retiring.
Yearly Cash Flow:	$592,981
Yearly Gross Income:	$1,100,000

Business for Sale Overview:

Maryland Classic Coastal Beach Front Seasonal Motel comprised of 6 elevator buildings (2 and 3 story interior corridor); 117 units total (5-1 room efficiencies,3-1 bedroom efficiencies, 10-2 bedroom efficiencies, 3-3 bedroom efficiencies, 89 doubles and 7 doubles for employees); Pool; Parking; Ocean Front Patio; laundry; Work Shop; 4 retail stores (Pizza and Ice Cream Shops included); restaurant and Bar (100 seats). Daily maid service, 24 hour front desk, phone and cable in each room. Trending 75% occupancy with 30 full time and 2 managers at peak season. A quaint complex with loyal repeat customers who enjoy the amenities and close proximity to the beach. The property though is ripe for development, a host of its neighbors have been developed as branded hotels and or condo conversions producing a lucrative return on investment to savvy developers. The property is primed with a existing Architecturally developed property improvement plan ready to be executed. Owners have decided to retire rather than take on the project....someones' lucky chance to get in on a great deal!!! The current gross is over $1 million dollars and the return currently is over half a million. The Motel is practical and runs well on a minimal staff of 30, run it short term at minimal cost and or develop, you can't lose!!!

Property Features and Assets:

6 buildings, several retail stores, ice cream and pizza specifically, pool, parking lot, laundry, ocean front patio, workshop, bar restaurant with 100 seats.

Market Competition and Expansion:

Development is priority and the prize!

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.