Motel For Sale
Location:
United States
->
Illinois
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Oquawka
Industry: Hotels and Holiday Accommodation > Motels
Business Summary
Mississippi River small town setting. 10 unit property with mainhouse 2 bedroom home. 5 units are rented on long term basis. We own all furnishings in all units. The roof and exterior sising arre 7 years old. The boiler is about 2 years old. We have electric heat in the long term units and forced water heat in the remaining units and main house. Our motel is the only one in the county. This motel is situated on the main highway but also in the village proper. This is a great opportunity for a retiring couple or stay at home mom that needs to contribute to the family income. The main house has a fireplace, updated kitchen, large outdoor ceramic patio with hot tub, with privacy fencing. The property is on just under and acre of land. The village has no major crime and is a great place to rasise children. We have a unified school system so that all students are picked up at home and bussed to school. This property is ideal for someone that is looking for a lifestyle change from the big city hustle and bustle. The asking price is $127,000.00. Appraises out for more. Contact for more information on this Motel business for sale.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$35,000
Cash Flow:
$20,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $20,000
Seller Financing: No
About The Business
Year Established: 1970
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Not Applicable
About The Sale
Reason For Selling: Husband passed away.
Click on the "I'm Interested" button above for more information on this Hotels and Holiday Accommodation > Motels business for sale.
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Print Listing Id: 70030082
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