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Businesses For Sale   >>   Hotels Businesses For Sale

Historic Apartment - Hotel With 2 Nightclubs For Sale

Location  Florida,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $900000
Net Profit / Cash Flow  $900000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1986
Number of Employees  10 - 19
Inventory  200000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Training  Willing to stay and train and aid in grant application
Reason for Sale  Owner wanting to relocate

Includes movable 4COP Liquor license and 2 story 5 apt back building. 6 story beautiful solid, sprinkled, steel/concrete building. 56 apts, 10 rooms. 6th fl vacate. Beautiful view. Could be restaurant. offices, penthouse. Ideal location, 2 blocks from downtown, across from city hall in Deland, Fl, Volusia Co capital, 20 mi from Daytona, home to Stetson University on busy state road! Reduced for quick sale by owner from mkt price 2.2M to only 1.4M. Possible refinancing existing $580,000 mtg and owner financing partial 2nd. Grant money available from city, state and federal gov. for renovations and improvements. May qualify for SBA 504 loan at 3%. Great deal won't find often! Additional $150,000 price reduction if not interested in keeping liquor license, less costly hotel license obtainable. For more info please email or contact Jayne at 386-956-7312.

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