SBA Approved 53 Room Hotel

www.GlobalBX.com

Listing ID: 700101018

Listing Title: SBA Approved 53 Room Hotel

Quick Link: http://www.globalbx.com/listing.asp?bId=101018

Industry: Hotels and Holiday Accommodation

Industry Segment: Hotels

Country: United States

State / Province: Virginia

Area

City: Chincoteague

Asking Price Range: $1.0M - $2.5M

Gross Revenues: $629,000

Cash Flow: $59,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2006

Number of Employees: 6 - 9

Business Description:
Very Successful 53 Room Hotel For Sale - Remodeled - Interior Corridor - close to Beautiful Assateague Beach - Wildlife Migratory Bird Refuge--Immaculate Rooms, with Microwaves, Dryers, Ironing Boards, TV, Direct TV, Outdoor Pool, Screened in Pavillion w/barbecues, fire pits, wash areas for the ''catch of the day'' - Chincoteague Ponies on site, play area for the kids, hamocks under the trees to catch the breeze and enjoy the sounds , also great for weddings, events, etc. - No Restaurant on site..coffee,tea, hot chocolate, vending machines. The Hotel has a fabulous reputation with lots of repeat business. Price is firm - Only serious inquiries please - this is a seasonal business and area. Financing already in place just waiting for the buyer to put their signature on the dotted line - appraised at $2.8 million - all tests, appraisal, already done - which will save $10,000 - $2.5 million and owner is also willing to finance with $400,000 down. Hurry - the season is starting and future bookings are already in place. Manager and employees will stay on if new owner wants - they are great and very hard workers.



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