Business for Sale Overview:
This motel, located on the main street in its town, was acquired in 1971. It has an on-site apartment which could be rented out on a monthly basis by a new owner further increasing revenues, or could be used as living quarters for ownership or management. This has been a family run business for decades with a reputation as a friendly, clean, affordable motel with quite a bit of repeat business. In recent years there has been some owner absenteeism due to health issues, other business obligations, and a general desire to enjoy life, leading to a decline in walk-in revenues, so new ownership could easily see an increase in revenues by increasing hours of operation. It should be noted that six rooms were taken out of service over the past few years but can easily be used again for guests. This company has much room for revitalization and growth under new ownership, and the current owners are very motivated to sell the property so they may retire, and have recently lowered the asking price, making this a great opportunity.
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.
Reason for Selling:
Owners wish to retire.
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.