Profitable Motel For Sale - Owner Retiring
www.GlobalBX.com
Listing ID:
700322599
Listing Title:
Profitable Motel For Sale - Owner Retiring
Quick Link:
http://www.globalbx.com/listing.asp?bId=322599
Industry:
Hotels and Holiday Accommodation
Industry Segment:
Motels
Country:
United States
State / Province:
Michigan
Area
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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