Under One Million Mountain Lodge Motel For Sale

Business description

Under One Million Dollars! Mountain Lodge Motel With 14 Deluxe Units For Sale For The Reduced Price of $999,999 & is move in ready! This busy year round business & truly turnkey operation is waiting for the right person to step in & take over. Priced less than 3X gross sales, the Lodge has been completely renovated with well over $500,000 worth of improvements & now provides a perfect & idyllic setting for weddings, banquets or simply a quiet retreat. The Lodge has hundreds of antiques throughout the property, a full circular lounge, large banquet room & a very unique patio that provides additional outside dining. Collectively Assets which include antiques & a pick-up truck, Furniture, Fixtures & Equipment plus Inventory are valued at approx.$425,000! Real Estate Value is approx. $1,750,000. A new Owner could acquire a Gambling License & sell pull tabs to increase the profit margin of this business! Owner is very proud to state that this is the best deal in the Great Pacific Northwest & is a perfect family business. Food Service is the #1 "Recession Proof" business in today's economy that is critical. Owner offers easy finance terms with low rate of 6.5% with a $475,000 down payment Contact now for further details.

Property information

Real Estate:

Real Property Included

Location:

Prime location with beautiful mountain & river views in Concrete, Washington. The property consists of 3 buildings totaling 8,500sq.ft plus land valued at over $1,750,000 with an additional 2.3 acres for further development. The Lodge is directly on scenic Highway 20 known as the Mountain Alps It is on the "Cascade Loop" close to Mount Baker & North Cascade Park. This business needs to be seen to be appreciated. Call now to schedule a visit.

Other information

Expansion potential:

Excellent potential for expansion. There are 2.3 acres for further development & a great site on which to build an RV Park. Also, there is lots of opportunity to attract more weddings, receptions, banquets, catering service & tour buses.

Competition / Market:

Very little competition in the area.

Support & training:

Owner is prepared to offer 2 weeks training & support to assist with liquor & gambling license.

Reasons for selling:

Health Reasons

Trading hours:

7 days a week

Financing available:

Owner offers easy financing terms at a low rate of 6.5% with $475,000 down payment

Furniture / Fixtures value:

$160,000 (included in the asking price)

Inventory / Stock value:

$205,000 (included in the asking price)