Interstate Front Motel With Room For Expansion
www.GlobalBX.com
Listing ID:
700371784
Listing Title:
Interstate Front Motel With Room For Expansion
Quick Link:
http://www.globalbx.com/listing.asp?bId=371784
Industry:
Hotels and Holiday Accommodation
Industry Segment:
Motels
Country:
United States
State / Province:
Missouri
Area
City:
Asking Price Range:
$250K - $500K
Gross Revenues:
$82,235
Cash Flow:
$44,438
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1957
Number of Employees:
1 - 3
Business Description:
Established, profitable with land for expansion
Established motel including real estate for less than $17k / door. Interstate front between 2 large metro markets. 23 rooms with single, double and triple bed occupancy. Currently it houses a live onsite Manager who handles housekeeping. There is approximately 3 acres behind the motel which could be put to use for RV parking, storage, additional rooms, etc. Total property included in sale is 3.75 acres and large storage barn.
Caters to interstate travelers and current experience is ~50% pay with credit card, ~50% pay in cash. Rooms rent for $45 - 70 per night.
Facilities: Interstate Front between 2 major metro markets, 14,500 square feet.
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