Profitable Motel For Sale - Owner Retiring

Listing ID: 700322599

Listing Title: Profitable Motel For Sale - Owner Retiring

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Industry: Hotels and Holiday Accommodation

Industry Segment: Motels

Country: United States

State / Province: Michigan


City: East Tawas

Asking Price Range: $250K - $500K

Gross Revenues: $125,000

Cash Flow: $60,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1968

Number of Employees: 1 - 3

Business Description:
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.

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