Motel And Rental Homes Near Telluride Ski Resort

Listing ID: 700165118

Listing Title: Motel And Rental Homes Near Telluride Ski Resort

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Industry: Hotels and Holiday Accommodation

Industry Segment: Motels

Country: United States

State / Province: Colorado


City: Norwood

Asking Price Range: $500K - $1.0M

Gross Revenues: $210,000

Cash Flow: $172,000

Cash Flow Type: EBITDA

Year Established: 1995

Number of Employees: 1 - 3

Business Description:
(1) 13 Unit All Suites Motel (asking $539,000). Each unit has kitchen & private bath. Remodeled from studs inward - electrical, plumbing, drywall, flooring, cabinets, fixtures, windows. Center of town on State Hwy. Next door to food market and laundromat - Walk to all restaurants & services. Avg sales are $150,000 with CAP 21%! (2) Six furnished & rehabb'd homes, 3 are 2 bed/1 bath and 3 are 3 bed/2 bath on 2.5 acres of commercially zoned property with State Hwy frontage. (asking $429,000) Rented by the motel on a short or long term basis. Extremely busy Spring through Fall to industry crews. Completed redid the sewer drainage system Nov 2011. 20 GPM decreed well supplies water. All utilities are installed. Avg $65,000 sales per year. This is a completely turnkey business opportunity of a rental portfolio! However, we will separate the two and sell just one of the two properties. Located just 32 miles west of world class Telluride Ski & Golf Resort.

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