Well-Established Motel & Property For Sale

Business description

This motel, located on the main street in its town, was acquired in 1971. This apartment could be rented out on a monthly basis by a new owner further increasing revenues. The motel is well built and in excellent condition. Over the last decade with the motel debt free and the owner at retirement age, six rooms were taken out of service. These rooms can easily be converted to rentable motel rooms again simply by switching the furnishings back. In addition, health issues, other business obligations, and a general desire to enjoy life have left the motel unattended for short periods of time. This absenteeism has contributed to the decline of revenue from the walk-in sector of the business. This company’s reputation as a friendly, clean, affordable, home away from home generates quite a bit of repeat business. One crew of seasonal workers has been patronizing the motel some every summer for the last ten years.

Property information

Real Estate:

Real Property Included

Living accommodation:

3 bedroom apartment

Other information

Reasons for selling:

Owner is reaching retirement age and wishes to pursue other opportunities.

Furniture / Fixtures value:

$30,000