Owner Financing is Available!
Business Overview:
New Motel in NW Suburb next to new development. Motel has 34 units, 2 levels with elevator. Rooms are very tastefully furnished in cherry wood and granite, 15 double rooms, 17 single rooms and 2 studio suites. Appraised at construction time for $2,400,000.
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:
17,036 square feet on .87 acres
Market Competition and Expansion:
Growth and Expansion: Growth will be in several phases. Located next to a conference/wedding center with 29 weddings already booked for 2010 will add revenue as well as the planned hockey arena, also additional land is available to double the size of the facility once the hockey arena is fully operational.
Market Outlook: Great. Only motel in the vicinity.
Reason for Selling:
Partnership to divest of operations
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.