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Business For Sale

Hotel Oceanfront

Atlantic City Suburb, NJ

Services: Hotel, Motel, Lodging

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$5,500,000
Not Disclosed
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FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
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0
902417398
Owner Financing is Available!
Seller will finance $3,500,000 @ 5.5% for five years based on a 25 year amortization

Business Overview:

3 story ocean front hotel on the beach. Tons of potential for new owners Has private balconies all facing the ocean. 35 units total. 27 one large bedr w/ba. large living room, kitchen, four 2 bed 2 ba living room w/fireplaces. 4 studio apts. Could be condoed out. Needs some repairs done to complete rennovations on third floor. Front of building faces the streets has 2 large sundecks that are separated by brick and used for dining or lounging. Rear of building faces beach w/ large patio on the beach as well as all private balconies off the rooms.

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:

Retiring

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.

Resources: