35 Room Motel - Great Deal

Not Disclosed, IL
McLean County

Central Illinois

Asking Price: Annual Revenue:
$475,000 Not Disclosed

Services: Hotel, Motel, Lodging

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RE: 35 Room Motel - Great Deal Broker: Jeff Highfill

Quick Facts

Asking Price: $475,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 73273887
Broker Reference #: ABB005-949

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Business Overview:

This 35 room motel is a great deal. It has had the same owner about 15 years and he wants to retire. Yearly revenue ranges between $110,000 and $130,000. There have been many updates: New locks 2 years ago, new carpet 3 years ago, new AC/heater units 3 years ago, new paint, new mattresses 5 years ago, new computer system 2 years ago, and new lobby floor 2 years ago. Two years ago there was a new roof that cost more than $52,000. There are three part time employees. THIS IS NOT A FLAG HOTEL....BUT IT SHOULD BE ONE. Huge opportunity for the buyer and near Bloomington-Normal Illinois. OUTSTANDING DEAL !!!Call Jeff Today at 309-208-9414.

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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