Busy Hotel For Sale
Location Indiana,United States
Asking Price Range $250K - $500K
Gross Revenues $800000
Net Profit / Cash Flow $250000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1999
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Owner offers training & support to ensure a smooth transition to the new Owner.
Reason for Sale Owner wishes to retire.
Description Must have full asking price of $500,000 for the business itself, or you can purchase this 146 Room Hotel for sale with Real Estate For $2,675,000. This Independently Owned Hotel is busy, busy, busy. It has the best possible location close to the Indiana Speedway. Net Profit is approximately $250,000. Financial figures are based on an established & estimated income from July - December 2008. Business at the hotel has been booming & increasing every month since the complete remodeling in 2008 renovation was finished in mid July with revenues catapulting between July Through December & can be proven. Owner is willing do full financing for $500,000 down or become the landlord with reasonable rent with option to purchase the real estate. Being independent, the hotel does not have the headache of having to pay franchising fees. Owner has half the hotel running as extended stay & the other half as overnight.
This two story hotel has 146 rooms in a spacious 50,000 sq.ft building of solid concrete construction on 3.2 acres of prime real estate. The interior corridors are a great safety feature for the guests. All rooms are pleasantly decorated. Most rooms have a refrigerator & a microwave oven. There are also efficiency apartments, Jacuzzi suites & double room suites, both smoking & non smoking are available. For convenience, there is also a very large managers unit on-site. This consists of 3 bedrooms, 2 bathrooms, Jacuzzi tub & fully equipped kitchen. Features of the hotel include an equipped exercise gym, inside swimming pool & spa facilities & coin operated laundry room. The hotel is completely run by the reliable & hardworking staff who have earned the respect & trust of the Owner. Owner is selling because he wishes to retire. Owner will carry the loan with $500,000 down payment & offers a low interest rate or will be happy to become landlord with low rent.. This is a great opportunity. Please email or call Jim Baker 321-452-3462 for more details.
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