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Historic Apartment - Hotel With 2 Nightclubs For Sale
Location: United States -> Florida -> Deland
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

Includes movable 4COP Liquor license and 2 story 5 apt back building. 6 story beautiful solid, sprinkled, steel/concrete building. 56 apts, 10 rooms. 6th fl vacate. Beautiful view. Could be restaurant. offices, penthouse. Ideal location, 2 blocks from downtown, across from city hall in Deland, Fl, Volusia Co capital, 20 mi from Daytona, home to Stetson University on busy state road!
Reduced for quick sale by owner from mkt price 2.2M to only 1.4M. Possible refinancing existing $580,000 mtg and owner financing partial 2nd. Grant money available from city, state and federal gov. for renovations and improvements. May qualify for SBA 504 loan at 3%.

Great deal won't find often! Additional $150,000 price reduction if not interested in keeping liquor license, less costly hotel license obtainable.
For more info please email or contact Jayne at 386-956-7312.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $900,000
Cash Flow:   $900,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $200,000
Seller Financing:  Yes

About The Business

Year Established:  1986
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Willing to stay and train and aid in grant application
Reason For Selling:  Owner wanting to relocate

Photos

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Historic Apartment - Hotel With 2 Nightclubs For Sale Photo 1 Historic Apartment - Hotel With 2 Nightclubs For Sale Photo 2 Historic Apartment - Hotel With 2 Nightclubs For Sale Photo 3




Print Listing Id: 700155228
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Florida Businesses For Sale > Florida Franchises For Sale > Florida Business Brokers



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