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Businesses For Sale   >>   Palm Beach Businesses For Sale   

Newly Established Boutique Hotel

Location  Palm Beach County, Florida, United States
Asking Price Range  $250K - $500K
Gross Revenues  $360000
Net Profit / Cash Flow  $160000
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  2013
Number of Employees  4 - 5
Inventory  500000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  two weeks
Reason for Sale  divorce

Description  
Charming Boutique Hotel opened in 8/2013 in beautiful downtown West Palm Beach, close to beach and the center of downtown action. Owners need to sell because of pending divorce after spending over $500K on extensive build-out and renovation. Hotel has nine rooms including four queen rooms for $150/night, three king rooms for $200/night, and two ultra-king rooms for $250/night. Rooms feature all major amenities including wide-screen televisions, new hardwood floors, and stylish decors. Hotel offers six deluxe bathrooms, beautifully furnished foyer, terrace, kitchen, and waiting room. Recent deal with Expedia has tremendously increased reservations and sales.Currently booked for $30-$40K/month in sales for the winter months. Excellent reviews on travel sights. Transfereable ''Roominghouse License'' is grandfathered in and most flexible license available for a hotel operator. Four full time employees (one per shift) assures first class service all the way for all guests. Long term lease available for $2100/month (sellers do not own hotel property). Ample parking with recently paved asphalt. Asking price of $499K allows sellers to recoup investment and buyer to step in and run the profitable hotel operations. Projected 2014 sales of $360K to be far exceeded in 2015. Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form is required


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