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

West Michigan Resort Motel For Sale

Location  Michigan,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $240000
Net Profit / Cash Flow  $101743
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1949
Number of Employees  6 - 9
Relocatable  No
Number of Employees  6 - 9
Real Estate  Owned
Training  Will train for 8 weeks at no cost.
Reason for Sale  At 80 years old the widowed owner wants to exit.

Description  
Priced $605,000 Below 2011 Appraisal! The property is a 52 unit motel, with a large owner/manager's living quarters and swimming pool located across the street from a public park and beach on beautiful Lake Michigan. Adjacent to the property is a boat channel that carries pleasure and commercial watercraft. The brick and stucco building is 16,598 sq. feet. The original structure was built in 1949 with several additions thereafter. The main building has two stories and features a 2,520 sq. foot private living quarters. The building is situated on 1.58 acre parcel with a .08 acre adjacent parcel on which a large pool is situated. The property is located in a popular resort community 1.25 hours from Grand Rapids, Michigan, 4 hours from Detroit, Michigan and 4.5 hours from Chicago, Illinois. It is an easy ten minute walk to the thriving city center that has numerous restaurants, shops and other businesses. Selling Price: $1,195,000 For more information, please contact Jim Hines at 800-445-9426 ext 1.


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