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Motel Property In Downtown Albany, Ga
Location: United States -> Georgia -> Albany
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

Key Highlights:
Rentable Rooms: 75
Trailing 12-months Revenue (on paper): $326,372
Occupancy Rate: 29.1%
Average Daily Rate (ADR): $50
RevPAR: $11.93
Effective ADR (including Weekly Stays): $40.97
Typical Weekly Rate: $230 per week (excl. taxes)

Live where you work! Property includes Manager's Apartment (1 bed, 1 bath, kitchen, and living room) as well as a large Owner's Residence with 5-Bedrooms, 5.5 Bathrooms and kitchen with living room, roughly 3,500 sq ft!

Total Rooms: approximately 90 by reclaiming storage / owner / manager suites

Roughly 1/4th of the rooms being rented out are weekly stays, with a lot of construction crews. There is limited online reservation as 70% of the customers are local. Therefore, there is no value in being with a franchise and paying royalties!

The Property currently has a Wyndham flag. However, the franchise agreement will be terminated. Buyer can decide to rebrand or run it as an independent property and avoid royalties!

Asking only $29k per key!

Seller's Take Home is $117,000 per year! Seller lives onsite and manages the front desk so he does not have to pay a front desk employee.

Seller is obtaining a Liquor License and converting a few rooms into a 2,000 sq ft liquor store to meet the local demand! Expected Open Date is in February!

Hotel Information:

Property is 1.5 acres! Building is 37,202 SF!

Prime Albany location with strong visibility and traffic!

Excellent opportunity for both new and experienced operators!

Geographic & Demographic Details:

High traffic location with 23,900 vehicles passing daily!

Restaurants nearby are Harvest Moon, Dunbar's BBQ & Soul Food, Pearly's Famous Country Cooking, Mi Casa Mexican Restaurant, and Tropical Taste Restaurant!

Less than 3 hours from Atlanta, GA! Less than 2 hours from Tallahassee, FL! 1 h 30 min from Columbus, GA!

Asking Price for Motel Property with On-Site Owner's Residence: $2.2M.

If interested, please call or text us an


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $326,372
Cash Flow:   $117,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2013
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned




Print Listing Id: 700404836
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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 > Georgia Businesses For Sale > Georgia Franchises For Sale > Georgia Business Brokers



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