For Sale - Motels
Detailed Information
Lot Size : 0.89 Acre / 38,768.40 Sqft
BD Size : 21,071 sqft
Zoning : Commercial
Property Tax : $36,441 (2016)
Yearly Revenue : $750,000(2015) / 2016 Sales : $800,000+
Owner retire sale after 12 yrs of successful business
Business Environment :
- The only Franchise motel in town
- 45 Units (2 BR Manager suite)
- Restaurant lease at $3,000 per month from Dec. 2016
(Total about $40,000 rental income incl. p.tax collection)
- Massive upgrades and renovations over the years
Addition of entrance canopy, addition of Breakfast room,
Parking lot/Yard pavement, Gardening, 40 inch flat TVs,
Swimming pool upgrade, Beds replacement, Carpets…
– Additional $40,000 net rental income from the restaurant
(Approx. total net income is $350,000+)
Investment : Enquire Agent