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Independent Motel Property In Columbus, Ms
Location: United States -> Mississippi -> Columbus
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

Total Rooms: 99
Rentable Rooms: 85
Additional rooms currently used for storage: 14
2018 Revenue: $440,000
Asking price: $1.5M
Brand New Roof on the L-shaped Motel property!

Amazing Deal! Seller operated it for 10 years and is ready to retire.

Independent Property that can be flagged by Choice or Wyndham. 15 minutes from Mississippi State College.

The property is within a short walk of Columbus Arts Council, within a mile of Mississippi University for Women, Leigh Mall Shopping Center, Columbus Speedway, Magnolia Motor Speedway, Mississippi State University.

The US Air Force base is close-by and brings in significant revenue.

Well-constructed brick building. Exterior Corridor. Originally built as a Holiday Inn.

Close to the power plant and paper mill plants. A significant amount of construction people stay there on a weekly basis.

This property has 99 rooms from which 85 rooms can be rented. 14 rooms are currently being used for storage.

Guests can access free WiFi in rooms and public areas, outdoor pool, business center, and banquet hall.

Motel property was renovated in 2017 with a brand-new roof!

It has 2 meeting rooms that are currently generating $500 per month in revenue!

There is an additional Restaurant Bar and Lounge that is currently closed but used to generate $50,000/month in revenue. Currently still generating $1500/month in Banquet hall income along with an additional catering revenue of $1200/month.

Revenue of $440,000! Property was appraised for $1.9M in 2009 and will probably appraise for higher today! Amazing deal!

Unique opportunity as the property has a trained staff that has been working at this motel for almost 2 decades.

Seller purchased the Property in 2009 for $1.45M and after renovations is willing to sell it at $1.5M! The property is being offered at a Cap Rate of over 11%.

Seller currently has a loan of $1.07M that is assumable!

If interested, please call us anytime at (770) 664


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $440,000
Cash Flow:   $168,000
Cash Flow Type:  EBITDA
Seller Financing:  No

About The Business

Year Established:  2009
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Seller is willing to provide training!
Reason For Selling:  Seller operated it for 10 years and is ready to retire.

Photos

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Independent Motel Property In Columbus, Ms Photo 1




Print Listing Id: 700333847
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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 > Mississippi Businesses For Sale > Mississippi Franchises For Sale > Mississippi Business Brokers



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