Great Small-town Motel Near Major Attractions

Hermitage, MO
Hickory County


Asking Price: Annual Revenue:
$1,100,000 $212,193

Services: Hotel, Motel, Lodging


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RE: Great Small-town Motel Near Major Attractions Broker: Roy Huffman

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $212,193
Net Profit: Not Disclosed
Cash Flow: $117,106
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: $1,100,000
Year Established: 2008
Employees: 4
BBN Listing #: 60402743
Broker Reference #: 01-480

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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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