Owner Financing is Available!
Business Overview:
The Westcliffe Inn motel is a great opportunity to own a successful, thriving small business in unspoiled Westcliffe, Colorado. Sales are back up and the asking price is down. Recent capital expenditures include new mattresses, new bedspreads, a new sauna heater and new telephone system with new phones facility wide. This year-round motel features 28 ground-level guest units, along with a 1,596 sq. ft. managers/owners apartment. Additional acreage/lots are included in current asking price.
Property should qualify for SBA 504 with a low down payment; owner financing is also available. Offering packet and books open to qualified buyers with confidentiality agreement.
Occupancy and Average Daily Rates are UP and Cristo's Over the River Project will bring 'em in. Got buyers? Bring em! SOC 3% .
Located in Westcliffe, Colorado, approximately an hour from Pueblo, Salida, Walsenburg and Canon City. Westcliffe and the Wet Mountain Valley are considered by many, "Colorado's Best Kept Secret"
NOW is the time for your buyer to act to get into this attractive income producing property before the busy summer season.
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.
Property Features and Assets:
Year round independent motel featuring 28 ground level guest units along with a 1,596 sq ft. managers/owners apartment. The managers quarters is 3 bedrooms, 1 3/4 bath with large kitchen, pantry, dining room, living room and spacious closets. The property consists of a three building configuration. Each guest unit consists of 14 rooms and is a one-story, exterior corridor property. The office/lobby complex is a 2 story building with the owners/managers apartment upstairs. Avg. daily rates are currently priced below industry averages with room to grow. New analog phone system and phones in each unit, wi-fi, microwaves and mini-fridges, new mattresses, bedspreads and a new dry sauna heater. Website with online booking, mobile website and Facebook page.
Market Competition and Expansion:
The Westcliffe Inn competes with a handful of four to eleven unit facilities in town including B&B's. This is the standout property in the Wet Mountain Valley. No flagged properties. Limited competition has kept ADR's high.
Reason for Selling:
Retiring/relocating
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: