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Business For Sale

Charming 24 Room “Old-Florida” Motel

West Palm Beach, FL, USA

Services: Hotel, Motel, Lodging

Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$2,950,000
Not Disclosed
Not Disclosed
Not Disclosed
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1950
3
268223793

Business for Sale Overview:

Very centrally located establishment that blends the warmth and charm of old Florida with the conveniences and services the modern day traveler expects. Located on a major east-west thoroughfare, it is only a short drive from the ocean, major golf courses, shopping, and entertainment centers. The motel has superior visibility and accessibility from the Florida Turnpike and I-95. Nestled in beautiful landscaping with a private large swimming pool, this charming 1950’s motel offers 24 rooms, including a live-in manager suite and office area. The motel provides a quite relaxing atmosphere in any of its cozy and clean rooms, located amid a sprawling landscape of gardens, patio/ barbeque, and pool. The motel offers a choice of 2 standard guest rooms, 10 efficiency suites, and 12 one-bedroom apartments with fully equipped kitchens. Most rooms open to pool and garden views. Every room features a private entrance, telephone, cable TV, air conditioning and 24 hours security. The Apartments have full sized kitchens including refrigerator and stove/oven. The efficiency suites all include a microwave and refrigerator. Most of the suites have two full sized beds. The standard rooms all have two full size beds for a cozy comfortable nights sleep for the whole family.

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:

Nestled in beautiful landscaping with a private large swimming pool, this charming 1950’s motel offers 24 rooms, including a live-in manager suite and office area.

Market Competition and Expansion:

This 10,500 square feet motel is situated on a 1.28 acre over-sized lot that affords future expansion and the addition of a new wing. Additional land is available for a buyer who may be interested in re-developing the motel on a site up to 2.6 acres.

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 not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

Resources:

 

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