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Businesses For Sale   >>   Hotels Businesses For Sale

Travelodge Hotel For Sale

Location  Florida,United States
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $1700000
Net Profit / Cash Flow  $700000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1960
Number of Employees  10 - 19
Inventory  Yes
Relocatable  Yes
Number of Employees  10 - 19
Real Estate  Owned
Training  Yes full
Reason for Sale  6 partners are splitting up

ATTN: HOTEL BUYERS Travelodge Hotel in Riviera Beach, Florida (FOR SALE) Priced At $5,999,999 SCOTT GINSBERG - AGENT CBI REALTY, INC. DIRECT LINE 561-900-5006 The 2013 P&L VUPON REQUEST (THE INCREASE OF REVENUE FOR 2013 WAS BECAUSE OF ECONOMY IMPROVING AND TOURISM. THERE IS LOT OF CONSTRUCTION GOING AROUND WEST PALM BEACH. THE OWNER/MANAGER PUT A WEEKLY RENTAL DURING OFF SEASON.) - Owner/ Manager The CAP Rate is at 11% for 2013. See attachments and comments below. NOTE: The hotel manager is one of the 6 owners, he takes a provable salary of $48,000 per year to manage and to run the Travelodge. He is willing to stay on as Manager for the to be NEW owners. Hi this is Scott Ginsberg. I am the exclusive listing Agent for the Travelodge Hotel. Let me know when you want to see the hotel. Should you wish to put in a contract in writing to purchase, I will prepare the paperwork and forward it to you for your signature upon your request. FOR SALE The Travelodge Hotel in South Florida is FOR SALE at a listing price to sell. The Hotel is in good standing with all ordinances and codes and flagship. The Travelodge Hotel is a smooth running profitable business with a CAP Rate of approx 11%. This Hotel purchase is turn-key. The Roof and rooftop A/C is in great working condition.

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