Buy a Business

Advert Ref: 0674

Hotel In Atlantic City NJ For Sale

Details: Asking price:$1,300,000; Sales revenue:Undisclosed; Net profit:Undisclosed; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: Hotel is beach block with 44 units. Hotel is in good condition. Many rooms recently remodeled and other rooms being remodeled and restored to its original charm and splendor. Unique opportunity to invest in a beach block hotel in Atlantic City. Daily and monthly rooms available. Zoned resort commercial with laudromat and recently upgraded manager's suite. Higher potential income when upgraded rooms come on line. Seller will finance $900,000 at six percent for five years based on a 30 year amortization. 400,000 needed for downpayment.

General information: Real Estate: Real Property Included; Living accomodation:Newly upgraded manager's suite.; Location:Beach Block Atlantic City New Jersey; Competition / Market:Unique opportunity to invest in beach block hotel in Atlantic City.; Support & training:Two Weeks; Financing available?Owner will finance 1,000,000 dollars at six percent for five years based on a 30 year amortization. $400,000 dollars needed for downpayment.