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Over 80 Room Franchise Motel For Sale

Business Listed by

Sunbelt North Alabama
Contact: Phone: (256) 539-9999 Listing ID: HUNTSAL001-N316

Financial Information

Asking Price: $1,195,000 Revenue: $390,000 View Other Financial Details

 

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******Possible Owner FInance*******


Recently renovated, Centrally Located, Franchise motel on a busy north/south freeway with approximately 88,000 cars passing daily. The current owners have spent well over $500,000 in recent renovations which include a new roof. This motel has an Excellent location just minutes from downtown, close to restaurants and shopping and gives your future guest easy access to the interstate. The property has a low site coverage ratio, which allows for plenty of parking for your future guest. The large parking lot will come in handy when utilizing the on-site convention hall that seats up to 80 people. There is also spacious lobby for incoming guest and a two bedroom apartment for the Owner/Manager. Great income producing opportunity ready for the right owner. Contact Kelvin Mitchell of Sunbelt Business Brokers of North Alabama for a confidential business profile 256.503.0534

Details

Industry: Hotels (except Casino Hotels) and Motels
Location: Alabama
Metropolitan Area: North Alabama
Reason for Sale: Moving out of state

Company Information

Home Based: No
Franchise: Yes
Distressed: No
Relocatable: No
Year Established: 1978
Year Acquired: 2007
Employees Fulltime: 3
Employees Parttime: 2
Willing to Train: Yes

Financial Information

Asking Price: $1,195,000
Gross Revenue: $390,000
Down Payment: $0
Financing Available: No

Property Information

Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Asking: $1,100,000