Bed & Breakfast / Motel
Location Pennsylvania,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $400000
Net Profit / Cash Flow $230000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 4 - 5
Inventory 510000
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training As needed.
Reason for Sale Retiring, other interests.
Description Nested on a side of the mountains, far from the hustle and bustle of city life and traffic an hour and a half from NYC and a half hour from Philly a Motel/Mini Resort on 18 secluded and serene acres in The Poconos Pennsylvania is being offered for sale. Mini Resort has 29 Units (Cottages and Suites), 50 Parking spaces, Full Liquor License, Bar Restaurant included plus Owners Residence on the spacious grounds, a 4 bedroom 2 « bath, 2300 square foot gem, buyer can live in or rent for additional income. The owners are asking 2.95 Million for the property and business. The business is netting an average of 230K for the last three years on about 400K annual gross sales. The business is run effectively as a limited service Motel/Mini Resort. The business has minimal overhead and only two part time employees besides owner's husband and wife team. The property is near miles of scenic trails, Fishing, GOLFING!, Horseback Riding, The State Park, NASCAR!, Antique shops/shows, SKIING! and CASINO GAMBLING!. Guests can relax on spacious grounds or take small jaunts to all the activities that abound. They have a loyal following that comes back year after year. The peak times are holidays, weekends, summer and winter. Property purchased in 2000 but 20 year old and well known. The owners were early retirees who bought the property to be close to their kids who were attending "Ivy league" colleges. The kids are all professionals now and owners have other interests. Owners have kept up property and made capital improvements including spectacular $500,000 state of the art Outdoor see through glass enclosed heated pool built in 2004. This property and business is a absolute sweetheart of a deal for a savvy hospitality buyer or a go getter new comer who wants to get into a low overhead limited service opportunity
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