Business Overview:
Property Highlights:
2020 Revenue: $344,360
2020 Net Profit: $187,590
2020 Cap Rate at 10.5%!
Current Rentable Rooms: 70
Current Occupancy Rate: 40%
Current ADR: $40
Current numbers are higher than 2020 numbers!
Property includes a 3-bedroom apartment!
Approved for either conversion to Travelodge or OYO if you wish to go the franchise route.
Brand new hardwood floors in 30 rooms! Electrical & Plumbing Completely Renovated! 2 new roofs and AC units were installed in 2020!
Restaurants within walking distance for hotel customers! 2 miles from Vidalia Regional Airport! Perfect location for visitors of the annual Vidalia Onion Festival! 4 mins from Vidalia Onion Museum, Art & History Museum and Theatre. 4 miles from Two Golf Clubs. Walking Distance to a Medical Center and the City Park.
Asking Price with Property is $1.79M! Seller is willing to Lease Purchase with 20% down payment for a qualified Buyer!
If interested, please contact us with your full name and best contact number.
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Property Features and Assets:
Restaurants within walking distance for hotel customers! 2 miles from Vidalia Regional Airport! Perfect location for visitors of the annual Vidalia Onion Festival! 4 mins from Vidalia Onion Museum, Art & History Museum and Theatre. 4 miles from Two Golf Clubs. Walking Distance to a Medical Center and the City Park.
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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