Beach Motel With Restaurant
Location Florida,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $538891
Net Profit / Cash Flow $174676
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1958
Number of Employees 6 - 9
Inventory 99000
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training 4 weeks.
Reason for Sale Retiring.
Description LOCATION! LOCATION! LOCATION! Well established 9 room Motel with a cozy Italian Restaurant and manager quarters with garage. Located on 1.38 acres of beautiful ocean front property. Sale includes real estate. Well Priced and well below other similar properties listed in the area. Italian Restaurant also delivers and is well known for their pizza in the surrounding area. This can be an Investors dream, there is also room to add more units to this property and increase an already generous cash flow. You have to see to believe! There are also approvals and variances for 3 single family homes for those wishing to redevelop the property. We will provide various Blueprint proposals of this gracious investment opportunity (for review only). Seller is motivated and the different redevelopment opportunities make this a true dream that will be gone soon! Contact today before someone else does!
Facilities: Total of 1.38 acres on beautiful ocean front property. Has a manager quarter s with garage, 3 rooms, 1 mini efficiency, 2 efficiencies and 2 suites. Restaurant is dine-in and delivery and can seat over 30 people and has its own separate name. Guests enjoy the smell and view of the ocean and there is a convenient board walk thru the sand of the beach with a shower to rinse off the salt water before retiring to their unit.
Competition: Motel was established in 1958 and survives on word of mouth advertising as well as it s web site. Vacancies fill up quickly and there are frequently repeat customers. Rental rate are competitive and have room to grow. Restaurant was established 2 years ago and was strictly pizza delivery before that. They are well known for their pizza in the surrounding area and the addition of the Italian Restaurant makes this place a cozy little get-away!
Contact for more information on this Beach Motel / Restaurant for sale.
Click Here To Contact Seller
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