Motel - Great Location
Location Missouri,United States
Asking Price Range $250K - $500K
Gross Revenues $50000
Net Profit / Cash Flow $30000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1965
Number of Employees 1 - 3
Inventory 20000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Owners to stay during transition
Reason for Sale Retiring
Description This Motel couldn't be situated better. Large box stores and franchises seem to be popping up daily. Area is a large tourist area and there is a shortage of rentals making construction workers working in this rapidly developing area have to do weekly rentals. Lake hosts 400+ fishing tournaments throughout the year ensuring Motel rooms remaining in high demand.7,206 sq ft motel is 27 rooms and sits on .71 acres on a thoughfare that sees 80,000+ cars. It is surrounded by many big name businesses such as Wendy's, Kohl's, Hy-Vee and a brand new state of the art theater. 2 Buildings down is a Outdoors man's Superstore that host many of the 400+ fishing tournaments. 105 feet of highway front. New roof was out in in 2008 for the office building and 2005 on the other building. Hotel also has 2 apartments that are 2BR/1BA and rented. Management living quarters are on the property and features a walk-in closet and jetted tub. There is an in-ground pool on the property also.
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