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Charming 24 Room Old - Florida Motel
Location: United States -> Florida -> Palm Beach
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

Very centrally located establishment that blends the warmth and charm of old Florida with the conveniences and services the modern day traveler expects. Located on a major east-west thoroughfare, it is only a short drive from the ocean, major golf courses, shopping, and entertainment centers. The motel has superior visibility and accessibility from the Florida Turnpike and I-95. Nestled in beautiful landscaping with a private large swimming pool, this charming 1950’s motel offers 24 rooms, including a live-in manager suite and office area.

The motel for sale provides a quite relaxing atmosphere in any of its cozy and clean rooms, located amid a sprawling landscape of gardens, patio/ barbeque, and pool. The motel offers a choice of 2 standard guestrooms, 10 efficiency suites, and 12 one-bedroom apartments with fully equipped kitchens. Most rooms open to pool and garden views. Every room features a private entrance, telephone, cable TV, air conditioning and 24 hours security. The Apartments have full sized kitchens including refrigerator and stove/oven. The efficiency suites all include a microwave and refrigerator. Most of the suites have two full sized beds. The standard rooms all have two full size beds for a cozy comfortable nights sleep for the whole family.

This 10,500 sq ft motel is situated on a 1.28 acre over-sized lot that affords future expansion and the addition of a new wing. Additional land is available for a buyer who may be interested in re-developing the motel on a site up to 2.6 acres. Very centrally located establishment that blends the warmth and charm of old Florida with the conveniences and services the modern day traveler expects. Located on a major east-west thoroughfare, it offers superior visibility and accessibility from the Florida Turnpike and I-95 it is only a short drive from the ocean, major golf courses, shopping, and entertainment centers. The motel has.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $600,000
Cash Flow:   $300,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $50,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1950
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  28 days.
Reason For Selling:  Retirement.




Print Listing Id: 70092049
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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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