Motels, Hi Profit! Local Customers! Stunning!

Not Disclosed, NY
Nassau County

2Fantastic Motels for Sale! Long Island!


Asking Price: Annual Revenue:
$14,700,000 Not Disclosed

Services: Hotel, Motel, Lodging


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RE: Motels, Hi Profit! Local Customers! Stunning! Broker: Jeff Engle
Owner Financing is Available!
Owner will hold paper or sell Separately!

Quick Facts

Asking Price: $14,700,000
Annual Revenue: Not Disclosed
Net Profit: $1,000,000
Cash Flow: $1,300,000
Total Debt: Not Disclosed
FF&E: $5,000,000
Real Estate: $12,000,000
Year Established: 1975
Employees: Not Disclosed
BBN Listing #: 213662360
Broker Reference #: 109000

Email or Print Listing

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Business Overview:

These 2 Motels ,which can be sold separately, are close enuf to be managed by one team!
Big luxurious Properties!
Are not geared for travelers from out of town,but rather for long islanders themselves seeking a 1 day or 1 week vacation.Got to get out of the a house sometime!

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Property Features and Assets:

Large renovated units ,prime locations!

Market Competition and Expansion:

There is competition on Long Island. But the population is 4 million and the number of hotels rather few!

Reason for Selling:

Retiring

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.

Relevant Links:

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