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Asking Price:	$1,750,000 USD USA Dollars
Business for Sale Industry:	Services: Hotel, Motel, Lodging
Yearly Revenues:	$428,500
Yearly Gross Income:	$428,500

Business for Sale Overview:

This beautiful and charming 31-Guest room property in northwestern Colorado offers a fabulous location directly across the street from the Moffat County Fairgrounds. It is also the first motel on the westbound right-hand side of the famously scenic U.S. Highway 40. At the mid-point between Denver and Salt Lake City, Craig is the economic hub of Northwest Colorado. The very busy U.S. Highway 40 leads on to Dinosaur National Monument (about 65-miles), west to Vernal, UT (about 120-miles), and Salt Lake City (about 295-miles). Grand Junction is 135-miles to the south, and Colorado’s Capitol, Denver, is about 200-miles to the southeast. Driving north on Colorado Highway 13, which intersects with U.S. Highway 40 in Craig only a short distance from the Inn, will bring you to the Grand Teton and Yellowstone National Parks. Craig has its own municipal airport, however, within a 20-minute drive lies the Yampa Valley Airport in Hayden, featuring year-round commercial flights to major destinations.

Property Features and Assets:

31 Rooms in 2 buildings built in 1955 and 1978. Heating and cooling is provided via individual HVAC units. Guest rooms feature telephone system, wireless high-speed Internet, 25-inch color television sets, hair dryers, coffeemakers, refrigerators, and microwaves. New carpets, drapes and comfortable soft goods are in place. A separate, yet connected, building contains the motel’s front lobby, reception desk, and breakfast area. Very nice 3-bedroom/2-bath owner/manager residence is situated in back of the reception area.

Market Competition and Expansion:

Surplus land allows for another ten guest rooms.

Additional Details:

• The property is owned.
• The owner may be willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This may become a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.