Profitable, Updated Motel For Sale

Eastern Iowa, IA

Asking Price: Annual Revenue:
$239,000 $134,622

Services: Hotel, Motel, Lodging

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RE: Profitable, Updated Motel For Sale Broker: Cliff Avon

Quick Facts

Asking Price: $239,000
Annual Revenue: $134,622
Net Profit: Not Disclosed
Cash Flow: $56,191
Total Debt: Not Disclosed
FF&E: $62,800
Real Estate: Not Disclosed
Year Established: 1965
Employees: 3
BBN Listing #: 171538541
Broker Reference #: QUADCIL001-N537

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Business Overview:

This is an excellent opportunity to own a very profitable motel located in Southeast Iowa. This county seat town sits right along a well-traveled highway. Located near a river, this area attracts visitors from all over for recreational activities. Situated on 3 acres of land and built in the 1960’s, this updated motel has 20 guest rooms. There are additional living quarters for the owner and there is additional space to expand these living quarters adjacent to the current office and in the basement. A banquet room is available for guests to rent and have food catered in for special occasions. The current owners have owned and operated the motel for the past 15 years and are wishing to retire. They are looking for qualified buyers who can continue to service the guests that they treat like family. All furniture, fixtures and equipment and inventory as well as Real Estate is included in the price of this sale. The sellers will provide a training and transition period to assist a new owner in order to assure a smooth transition. For more information about this profitable motel for sale and to take advantage of this rare opportunity, please contact Cliff Avon at 563-940-7980

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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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