Business Overview:
Great small-town motel located near two major attractions. One attraction is a major lake and recreation area and the other is a well-known racetrack. Very clean and modern motel with 37 rooms and a manager quarters. Excellent cap rate averaging over ten (10) percent the last four years. A great investment opportunity or an excellent owner-operator scenario as well. Currently absentee-owned!
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Property Features and Assets:
Great location near major lake recreation area and race track location.
Market Competition and Expansion:
This is the only major motel in the area. There are a few other, smaller ones but nothing as nice as this one. The property does have extra land so a new owner could expand the property in order to grow the number of rooms.
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.
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