Motel, Restaurant, Lounge & Banquet Hall
Location Pennsylvania,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $694621
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1952
Number of Employees 1 - 3
Inventory 100000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Retirement.
Description This motel, with a restaurant, lounge, and banquet hall, in northwestern Pennsylvania is considered one of the prime spots in the area to hold wedding receptions and banquets. The motel has been family run since 1952. It is in a scenic location, surrounded by trees, on a state highway. The motel has 44 beautifully decorated rooms with wood paneling. Many of the rooms have new carpeting and furniture. Room rates are competitive, starting at $42 a night. Room occupancy is strong, with a large number people traveling into the area for business at local factories and others coming through on leisure trips, such as on elk sighting tours. The banquet hall seats up to 300 people and is considered the prettiest hall in the region. It has a nice dance floor and raised stage for live entertainment. The restaurant serves good, affordable food and is one of the only restaurants in the area.
One of the owners is willing to stay on as needed after the business sale to ensure a smooth transition. Contact for more information on this Motel, Restaurant, Lounge & Banquet Hall for sale.
Click Here To Contact Seller
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