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Profitable Motel For Sale - Owner Retiring
Location: United States -> Michigan -> East Tawas
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

Current owner purchased this profitable Motel 25 years ago and is now ready to retire. It's located in Northeast Michigan in a high traffic small town setting. This 13 unit motel comes with a 2 bedroom, 2 bathroom attached owners home with full basement, office, laundry room and 1 car attached garage. As well as a 3 bedroom 2 bath year round apartment with its own 1 car attached garage. All motel rooms are stylishly furnished with a mini refrigerator, microwave, a/c, wifi and cable tv. There are (8) single unit rooms with King, Queen or full bed. (1) 2 room unit with Queen and Full bed. 4 Double units (2) with Queen Beds, 1 with King and Twin bed and 1 with 2 Full beds. Parking in front of each room for convenience. Everything plus deeded access to Lake Huron. This business has a yearly revenue of $125,000.00 (Fully opened April thru October, partially Nov. thru January, and March) all for $350.000.00. This is truly a turnkey business, a setup for success.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $125,000
Cash Flow:   $60,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $50,000
Seller Financing:  No

About The Business

Year Established:  1968
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Willing to train buyers
Reason For Selling:  Ready to retire




Print Listing Id: 700322599
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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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