Small 12 Unit Motel
Location Michigan,United States
Asking Price Range < $250K
Gross Revenues $35000
Net Profit / Cash Flow $15000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale medical problems
Description The motel makes $35,000-$40,000 a yr.Light bill is about $400 a month gas is about $700 a month in the winter months and maybe $100 a month in the summer months garbage is $100 a month, phone is $100 a month that has 3 phone lines. Cable is $200 a month. There is a 2 bedroom home with attached garage, livingroom,familyroom w/ fireplace,diningroom. Room 12 is a 1 bedroom apartment. We also turned room 2 and 3 into a 2 bedroom apartment but can be put back into regular units. There is over an acre we are in Harrison Mi we are between Clare and Houghton Lake we are on Bus 27. Here are some pictures of the outside.Was asking $200,000 due to medical problems went down to $140,000 If you have anymore questions please ask away
989-424-9070 Mary or Cathy
Click Here To Contact Seller
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