Charming 24 Room Old - Florida Motel

www.GlobalBX.com

Listing ID: 70092049

Listing Title: Charming 24 Room Old - Florida Motel

Quick Link: http://www.globalbx.com/listing.asp?bId=92049

Industry: Hotels and Holiday Accommodation

Industry Segment: Motels

Country: United States

State / Province: Florida

Area

City: Palm Beach

Asking Price Range: $2.5M - $5.0M

Gross Revenues: $600,000

Cash Flow: $300,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1950

Number of Employees: 1 - 3

Business Description:
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 1950ís 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.



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