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SBA Approved 53 Room Hotel
Location: United States -> Virginia -> Chincoteague
Industry: Hotels and Holiday Accommodation > Hotels

Business Summary

Very Successful 53 Room Hotel For Sale - Remodeled - Interior Corridor - close to Beautiful Assateague Beach - Wildlife Migratory Bird Refuge--Immaculate Rooms, with Microwaves, Dryers, Ironing Boards, TV, Direct TV, Outdoor Pool, Screened in Pavillion w/barbecues, fire pits, wash areas for the ''catch of the day'' - Chincoteague Ponies on site, play area for the kids, hamocks under the trees to catch the breeze and enjoy the sounds , also great for weddings, events, etc. - No Restaurant on,tea, hot chocolate, vending machines. The Hotel has a fabulous reputation with lots of repeat business.

Price is firm - Only serious inquiries please - this is a seasonal business and area. Financing already in place just waiting for the buyer to put their signature on the dotted line - appraised at $2.8 million - all tests, appraisal, already done - which will save $10,000 - $2.5 million and owner is also willing to finance with $400,000 down. Hurry - the season is starting and future bookings are already in place. Manager and employees will stay on if new owner wants - they are great and very hard workers.


Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $629,000
Cash Flow:   $59,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $50,000
Seller Financing:  Yes

About The Business

Year Established:  2006
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Manager, employees, and will also train.
Reason For Selling:  Health reasons.


View Larger Photo(s) Of Business
SBA Approved 53 Room Hotel Photo 1 SBA Approved 53 Room Hotel Photo 2 SBA Approved 53 Room Hotel Photo 3

Print Listing Id: 700101018
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

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