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Grand Motel And Apartments
Location: United States -> South Carolina -> Columbia
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

Price Drop.
3003 Two Notch Road, Columbia SC, USA.

Ready to make the transition for senior living.

Thriving home town boutique motel with 21 classic units 1952 and 20 one bedroom studios built in 1972. Solid block between units.

New metal roof.

Family business since 1970. Adults 25 and over customer base. Prime location with:
3 bus routes,
4 hospitals,
Fast foods,
grocery store, and
shopping area. Award winning restaurants within walking distance. Tiled throughout. Top of the line security cameras. Family attitude. Best balance between daily and weekly rentals. Few monthly rentals. Plumbing, electrical, roof and more replaced and/or upgraded. 80% occupied.

A landmark and South Carolina anchor location.
3 hospitals close with a V. A. 10 minutes away
Area Business within walking distance of less than 1/2 mile:
2 Dental Clinics
Burger King
McDonald's
3 Dollar Stores
5 local restaurants

Ideal senior living facility

$1,400,000. Firm cash price. Kanthi Thiagarajah, Broker, Owner / GRI / Southern Classic Realty. Office: (803 ) 736- 4200 Fax: (803) 788- 1859.

GlobalBX special: 6% split commission ending August 30, 2018

Co-owner: Norman Goldberg 1 (803) 422-8850


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $300,000
Cash Flow:   $370,000
Cash Flow Type:  EBITDA
Inventory:  $85,000
Seller Financing:  No

About The Business

Year Established:  1972
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Before closing and support afterwards
Reason For Selling:  Retiring.

Photos

View Larger Photo(s) Of Business
Grand Motel And Apartments Photo 1 Grand Motel And Apartments Photo 2 Grand Motel And Apartments Photo 3




Print Listing Id: 700249675
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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 > South Carolina Businesses For Sale > South Carolina Franchises For Sale > South Carolina Business Brokers



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