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Businesses For Sale   >>   Motels Businesses For Sale

20 Unit Motel In Mountain / Lakeside Resort Town

Location  California,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $325592
Net Profit / Cash Flow  $183170
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1950
Number of Employees  4 - 5
Inventory  2087400
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Owned

Description  
FULLY ASSUMABLE LOAN! This popular lodging destination was established in 1950 and purchased by the current owners in 2003. In 2007, the existing motel was demolished and a brand new 20-unit lodge was constructed. The NEW motel opened for business in 2008. The owners have created a beautiful getaway with a modern lodge theme and a warm, woodsy atmosphere. This motel is the nicest and newest in the area - a popular relaxation destination with many activities including water sports, hiking and fishing in the summer and snow-related activites in the winter. There is room for an additional 12 rooms to be added and other expansion opportunities. Total assets include a three year old 20-unit motel with manager's apartment, extra-large laundry room, office and 50+ year business history; plus all furnishings, fixtures, equipment and inventory currently used in running this growing business. Ask for portfolio number 22.


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