Profitable Independent Motel For Sale

Business description

Caucasian owned independent motel located in central Illinois. The property is 264'(frontage) X 282'(depth) Total acreage 1.75 acres. Twenty three rooms along with two houses located on the property. The first home is brick with a first floor consisting of 2 bedrooms, 1 bath, L.R.,D.R., Kitchen, front & back porch, full basement, double garage with central heating and AC(rent is $900 per month utilities included.) Second floor consists of 1 bedroom, 1 bath, L.R., Kitchen with central heating and AC(rent is $550 per month utilities included). The second home is located on 2 lots and has 2 bedrooms, 1 bath, L.R.,D.R.,Kitchen, half basement,unfinished upstairs, central heating and AC( rent is $475 per month utilities not included). Average yearly revenue since 2000 is $154,073. Motel revenue is approx. $135000 with the two(2) houses bringing in $24000 per year. 2007 revenue up until Nov. 30th is $170,000. Projected revenue for 2007 is $185000.Very busy state highway intersection across from McDonald's and CVS. Daily car count at hotel intersection is 17000. The current owners have owned the property for 47 years. After expenses the business nets $75,000 before add-backs.

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