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Businesses For Sale   >>   Hotels and Holiday Accommodation Businesses For Sale

27 Unit Motel For Sale

Location  Maryland,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $300000
Net Profit / Cash Flow  $50000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1965
Number of Employees  4 - 5
Relocatable  No
Number of Employees  4 - 5
Real Estate  Owned
Training  As much training as needed
Reason for Sale  Absentee managed from different part of country

Description  
ASKING PRICE: $1.025 Million AVG GROSS ROOM REV: $300,000 AVG ADR: $55.00 AVG OCCUPANCY: 55%-65% Physical Features 1.) One story 2.) Exterior corridors 3.) Outdoor swimming pool 4.) Wireless internet 5.) Solid construction Investment Considerations 1.) Well located in its marketplace and easily accessible to arriving guest 2.) Excellent upside potential for an owner operator to improve operating margins 3.) Absentee ownership 4.) Excellent opportunity for a first time buyer 5.) Four Bedroom - owner / managers living quarters Property Overview This 27-unit limited service property is located just off of a Main State Route in Maryland. The facility is a one-story structure consisting of 27 guest rooms as well as an outdoor swimming pool. In addition, the property contains a two-story 4 bedroom owner/ manager's living quarters equipped with a full kitchen, as well as, an unfinished basement that could be utilized to expand the current living quarters. The Area only has this one independent motel and 2 upscaled franchises. Year Round business is steady that holds on to high ADR's due to very limited competition. A lot of potential in this property to increase even more revenues. This property is managed solely absentee due to owner living on the other side of the country. May Consider Owner Finance and will allow to keep current staff management if desired. For More Info: Please Email the Following information: Name: Number: Jay (520) 664-4091


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