Owner Financing is Available!
Business Overview:
This franchised motel is consistently one the most popular budget motels in Iron Mountain and is highly awarded by both AAA and the franchisor. The 8,000-sq ft motel is situated on 1.3 acres with nearly 300 feet of frontage on US highway 2. The motel is on US Highway 2, the main thoroughfare of Iron Mountain, which helps assure consistent performance and occupancy throughout the year. The financial performance of this motel is above average, with consistent sales and financial performance year after year. However, calendar 2011 resulted in a 30% increase in net room revenues and the 1st quarter of 2012 has been the best in 10 years! Additionally, connecting to the lobby of the motel, there is a beautiful 1,800-sq ft, 2-story owner quarters consisting of a large living room and kitchen, master bedroom, two guest bedrooms, 1 bathroom, full basement and 4-car heated garage. The owner quarters are so nice, you don't feel like they are part of the motel.
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:
Retirement
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 a franchise resale opportunity.
Resources: