113 Room Name Brand Hotel-$500,000 renovation
Financial Information
- Asking Price: $3,100,000
- Gross Revenue: $1,050,000
- Cash Flow: $472,926
- Down Payment: 0
- FF&E (Included): N/A
- Inventory: N/A
- Financing: No
Business Location
- Confidential
- Alabama
Business Description Famous worldwide brand hotel chain in the great southern town of Mobile, Alabama. This 113 room hotel has just finished its $500,000 renovation project. Excellent location near I-10. Walking distance to fast food restaurants, close to Hank Aaron Stadium and Brookley Aeroplex (industrial complex and airport). In addition to being close to Greyhound Park and other areas of interest. This 53,400 Business Description Famous worldwide brand hotel chain in the great southern town of Mobile, Alabama. This 113 room hotel has just finished its $500,000 renovation project. Excellent location near I-10. Walking distance to fast food restaurants, close to Hank Aaron Stadium and Brookley Aeroplex (industrial complex and airport). In addition to being close to Greyhound Park and other areas of interest. This 53,400 sq. ft. 3 floor facility with elevator sits on a 2 acre parcel and has considerable number of amenities, many just upgraded as part of the large renovation project such as: outdoor pool, continental breakfast in upgraded area, free Wi-Fi, room upgrades including all new flat screen TV's, new roof, new AO Smith boiler and much, much more.(40% of rooms were closed in 2019 due to the $500,000 renovation making 2020 projected gross revenue that is posted above for new owner a great year). 3rd party management is also available if needed for very reasonable fee. Even pets are allowed (for extra fee). For additional information CONTACT: Rob Sproles 850-341-3863 email: [email protected]
Growth / Expansion overview
Facilities:53,400 sq.ft. 3 floor facility on over 2 acres. 113 rooms including: nice pool area, new roof, new window units, new flat screen tv's, upgraded continental breakfast area, free Wi-Fi, conference room, laundry room and much more.
Support / Training Comments
as needed and arranged
Reason For Sale
need for downsizing- Home Based: No
- Year Established: 1984
- Franchise: Yes
- Year Acquired: 1984
- Willing to Train: Yes
- Relocatable: No
- Required Licences:
- Is Property Leased: No
- Real Estate Available: Yes
- Real Estate Included: Yes
- Real Estate Value: N/A
- Days Open: 7
- Hours Open: 24-7
- Fulltime Employees: 10
- Part time Employees: N/A
- Is Management Staying: Yes
- Distressed: No
- Monthly Payroll: $0
- Building Size: 53,400 sq ft
- Parking: 2 acres
- Monthly Rent: N/A