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Established Motel For Sale
Location: United States -> Illinois -> Carroll County
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

Popular, Comfortable and Well Maintained Motel With 32 Units Plus Home For Sale for only $499,900. Well established since 1956 with present owner at the helm since 2003. The owner and staff are friendly and have built a great reputation in the community.

The house and two units were the first to be built, followed by an additional six units in 1956, and the rest followed in the 1970's. The property itself consists of 3 buildings The west wing has 17 units and is approximately 4,500 sq.ft. The east wing has 13 units and is approximately 3,800 sq.ft and there are two units approximately 335 sq.ft. attached to the main house which is approximately 2,850 sq.ft.

The motels is fully air conditioned and pets are welcome too! All of the rooms are newly remodeled and are all tastefully decorated and complete with refrigerator, microwave, cable television, high speed Internet and a friendly cozy atmosphere. For guests who arrive by boat there is security monitored boat dock parking with electric hook-ups and there is a laundry room available for guests to use. In addition there is an outdoor picnic area, hot tub/gazebo and plenty of parking. All inventory and furniture, fixtures and equipment are included in the sale, along with a 1996 Ford Econoline van used for shuttling guests to and from local destinations.

Owner is selling as he is now ready to retire. Perfect location on the Mississippi River in Carroll County, Illinois. Close to the Mississippi Palisades State Park, scenic Route 84, beautiful parks, museum, playhouse, restaurants and a variety of entertainment including hiking, biking, boating, hunting, fishing, eagle watching and more--and only 2 hours away from Chicago! Call for more information. Matchmaker Business 321-452-3462


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1956
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Manager will stay on for 6 to 12 months as negotiated to train and transition
Reason For Selling:  Retirement




Print Listing Id: 700265783
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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 > Illinois Businesses For Sale > Illinois Franchises For Sale > Illinois Business Brokers



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