Listing ID: 40287

Business Overview

$1,000,000 Rev, $480,000 Net, High ADR, Rev Split 50% DSS – 50% Tourist.

45 Room 2.5 Floor, Indoor Corridor Motel on 1.75 Acres; 3 Additional Rooms Converted to Owner’s Suite.

PIP fully paid. Owner Pro-Active With Upkeep, Motel Structurally In Great Shape.

Seller Wants Smooth Transition — Open to Overseeing Motel For A Couple Years At $50k/yr.

Value Add Opp: Increase Tourist Rev as well as DSS; .75 Acre Flat Parcel Behind Motel Included.

With $1,000,000 down, Seller Will Finance Balance Over 25 Years.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

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Financial

Seller Financing Available

  • Asking Price: $3,500,000
  • Cash Flow: $480,000
  • Gross Revenue: $1,000,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A
About The Facility:

2.5 Floor, Indoor corridor motel in excellent condition on 1.75 Acres (two parcels – Motel on 1 acre, additional flat .75 acre behind it for value add).

Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.

Competition:

45 rentable rooms, plus 3 converted into owners suite. Hotel is structurally in great shape. Owner is very pro-active with upkeep, PIP fully paid.

Opportunities and Growth:

Seller will finance $2.5 mil over 25 years (with about 30% down at close). Seller wants a smooth transition and is open to overseeing the motel for a couple of year at $50k/year (He lives in town).

Cooperating Broker of Record

Jason Green

SFR Realty, LLC

New York - 10301222535