Motel - 110 Rooms
Location Louisiana,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $900000
Net Profit / Cash Flow $200000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Available.
Reason for Sale Other business interest.
Description National flagged motel for sale is located on interstate I-10 in the Lafayette, La metro market. It is not too far from the intersection of I-10 and I-49. Current owner for the last 5 years has been totally refurbishing the motel inside and out to include TV's, beds, A/C's, roof, parking lot, carpet, paint, etc. Currently 87 of the 110 rooms are complete and the rest should be finished shortly. Seller will thoroughly train new owner on this very easy to own and operate business. Seller has other business interest to which he would like to devote more of his time and energy. Seller is motivated to sell and is open to substantive offers. Nice motels of this size and superior location are hard to find. They usually do not stay on the market long. Act fast! Come see, talk with owner, make offer.
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