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PDFMotel
Listing ID:
HAMILON001-N6
HAMILON001-N6
Description
Motel for Sale. This 36 unit motel has been in business since 1960. Situated in a key location with high traffic area. The current owner done very good job in rennovating the property and increased the room revenue. Very steady income for an owner operator. The motel has 2 bedroom living quarter that can be used by the owner. Currently it is used by the manager. Very loyal clientele. The motel has done very well during the current economic situation. This is sure a recession proof business. The finanical information will be provided to the qualified buyers. The current owner spent 300k on the rennovation so far and all the rooms equipped with uptodate facilities. Currently it is run as abscentee owner. Manager with a good team in place to run the business for you. You can supervise the business from distant location. Computerized system in place. For more information call Reza Akbari at:905-538-5741
Financials
| Asking Price: | $1,050,000 |
|---|---|
| Revenue: | $400,000 |
| Cash Flow: | $200,000 |
| Downpayment: | $300,000 |
| Monthly Payroll: | $3,000 |
| FF&E Asking Price: | $250,000 (Included in Asking Price) |
| Inventory Asking Price: | $500 (Included in Asking Price) |
| Financing Available? | Yes |
Property
| Asking Price: | $0 (Included in Asking Price) |
|---|---|
| Building Size: | 38000 sq ft |
Other
| Franchise? | No |
|---|---|
| Homebased? | No |
| Relocatable? | No |
| Year Established: | |
| Year Acquired: | 2005 |
| Full-Time Employees: | 0 |
| Part-Time Employees: | 0 |
| Reason For Sale: |