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Independent Motel, Restaurant & Vacant Land
Location: United States -> Utah
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

Asking Price: $1,475,000. This mixed-use property consists of a 22 unit motel, full service restaurant, adjacent living quarters and office and one acre of undeveloped vacant land which has utilities to site. This 1-story exterior corridor motel features 22 rooms in two separate buildings, each with its' own guest coin laundry and vending. There is an on-site residence (3 bdrm/1 bath connected to an office). The adjacent seasonal restaurant is a casual American dining restaurant serving breakfast, lunch and dinner. The restaurant with bar and lounge features modern d--cor and indoor/outdoor patio seating. Both the motel and restaurant operations are set up with full staffing and mgmt. that allow prospective buyers the ability to enjoy either a hands-off ownership experience or an owner operator set-up. The motel is an established business with a proven growth record since 2009. The motel and restaurant together generate in excess of $1,000,000 annually.

Strategically located along the famous premier scenic byway (Hwy 12). This motel is a hub for national monuments, state parks, recreation areas and excellent hospitality. (Listed in cooperation with Hotel Broker One, License #5505210-PB00, Bruce Holmes, UT)


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,055,308
Cash Flow:   $150,943
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2008
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  To be determined
Reason For Selling:  Retired




Print Listing Id: 700319590
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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 > Utah Businesses For Sale > Utah Franchises For Sale > Utah Business Brokers



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