Business For Sale

Motel with Weekly Rentals

Not Disclosed, FL
Manatee County

Manatee County

Asking Price: Annual Revenue:
$1,100,000 $153,140

Services: Hotel, Motel, Lodging

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RE: Motel with Weekly Rentals Broker: Joe Nicolini

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $153,140
Net Profit: Not Disclosed
Cash Flow: $99,376
Total Debt: Not Disclosed
FF&E: $7,800
Real Estate: $700,000
Year Established: 2016
Employees: Not Disclosed
BBN Listing #: 6189630
Broker Reference #: 3353101927

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Business Overview:

Completely remodeled 16 room motel/weekly rental facility projected to be 100% occupied by June 1st of this year. Building has been completely remodeled with proper permits. Fire sprinkler system added, 3 new tankless hot water heaters added, inside construction is 100% new as well as most windows have already been replaced. Located in Manatee County with a Sarasota address. This is a free standing building with 5,078 square feet and the real estate is included. Current CAP Rate is 9% but can easily be increased to 10% by increasing the under market rental rates. Lender Pre-Qualified! Please refer to listing #3353101927 and ask for Joe Nicolini when inquiring. Thank You!

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Reason for Selling:

Out of state owner.

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.

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