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Motel For Sale
Location: United States -> Michigan -> Sault Ste Marie
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

15 Unit Motel with 2 bedroom living quarters for sale, asking $120,000 or best offer. You can reach us at 906-632-9300. This business is currently in operation and has repeat customers, we also have several rooms that have long-term renters that pay on time. It is in a country setting that offers privacy and not a lot of the in town noises. We currently use room number 1 as part of the living quarters making it 3 bedrooms. The total square foot of the house without the room number one is approx. 1116 sq ft, and the motel is approx. 4312 sq ft.

It is located on 10 acres of land which allows plenty of room for expansion. 4 rooms have been updated with new hard wood flooring, 1 room has been updated with vinyl flooring and 6 rooms have been updated with new carpet. The house has had the kitchen floor redone and painted. The office has been redone and painted. This is a great location just 1/4 mile off of I-75, and very easy to find. If you are looking for a great way to be your own boss and earn money and live in a place and let the guests pay your bill this is something that would be great for you.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $80,000
Cash Flow:   $45,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1974
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  We would be able to assist with that if needed
Reason For Selling:  Need to relocate near aging parents and due to my wife's health problems

Photos

View Larger Photo(s) Of Business
Motel For Sale Photo 1 Motel For Sale Photo 2 Motel For Sale Photo 3




Print Listing Id: 700262799
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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 > Michigan Businesses For Sale > Michigan Franchises For Sale > Michigan Business Brokers



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