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Travelodge Hotel For Sale
Location: United States -> Florida -> Riviera Beach
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

ATTN: HOTEL BUYERS
Travelodge Hotel in Riviera Beach, Florida (FOR SALE)
Priced At $5,999,999
SCOTT GINSBERG - AGENT CBI REALTY, INC. DIRECT LINE 561-900-5006
The 2013 P&L VUPON REQUEST

(THE INCREASE OF REVENUE FOR 2013 WAS BECAUSE OF ECONOMY IMPROVING AND TOURISM. THERE IS LOT OF CONSTRUCTION GOING AROUND WEST PALM BEACH. THE OWNER/MANAGER PUT A WEEKLY RENTAL DURING OFF SEASON.) - Owner/ Manager

The CAP Rate is at 11% for 2013. See attachments and comments below. NOTE: The hotel manager is one of the 6 owners, he takes a provable salary of $48,000 per year to manage and to run the Travelodge. He is willing to stay on as Manager for the to be NEW owners.

Hi this is Scott Ginsberg. I am the exclusive listing Agent for the Travelodge Hotel. Let me know when you want to see the hotel. Should you wish to put in a contract in writing to purchase, I will prepare the paperwork and forward it to you for your signature upon your request.

FOR SALE
The Travelodge Hotel in South Florida is FOR SALE at a listing price to sell. The Hotel is in good standing with all ordinances and codes and flagship. The Travelodge Hotel is a smooth running profitable business with a CAP Rate of approx 11%. This Hotel purchase is turn-key. The Roof and rooftop A/C is in great working condition.


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $1,700,000
Cash Flow:   $700,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  Yes
Seller Financing:  No

About The Business

Year Established:  1960
Number of Employees:  10 - 19
Relocatable:  Yes
Franchise:  Yes
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes full
Reason For Selling:  6 partners are splitting up

Photos

View Larger Photo(s) Of Business
Travelodge Hotel For Sale Photo 1 Travelodge Hotel For Sale Photo 2 Travelodge Hotel For Sale Photo 3




Print Listing Id: 700213298
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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 > Florida Businesses For Sale > Florida Franchises For Sale > Florida Business Brokers



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