Newly Established Boutique Hotel
Location Florida,United States
Asking Price Range $250K - $500K
Gross Revenues $360000
Net Profit / Cash Flow $160000
Cash Flow Type EBITDA
Seller Finance No
Year Established 2013
Number of Employees 4 - 5
Inventory 500000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training two weeks
Reason for Sale divorce
Description Charming Boutique Hotel opened in 8/2013 in beautiful downtown West Palm Beach, close to beach and the center of downtown action.
Owners need to sell because of pending divorce after spending over $500K on extensive build-out and renovation. Hotel has nine rooms
including four queen rooms for $150/night, three king rooms for $200/night, and two ultra-king rooms for $250/night. Rooms feature all major
amenities including wide-screen televisions, new hardwood floors, and stylish decors. Hotel offers six deluxe bathrooms, beautifully furnished
foyer, terrace, kitchen, and waiting room. Recent deal with Expedia has tremendously increased reservations and sales.Currently booked for
$30-$40K/month in sales for the winter months. Excellent reviews on travel sights. Transfereable ''Roominghouse License'' is grandfathered in
and most flexible license available for a hotel operator. Four full time employees (one per shift) assures first class service all the way for all
guests. Long term lease available for $2100/month (sellers do not own hotel property). Ample parking with recently paved asphalt. Asking price
of $499K allows sellers to recoup investment and buyer to step in and run the profitable hotel operations. Projected 2014 sales of $360K to be
far exceeded in 2015. Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form is required
Click Here To Contact Seller
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