Business For Sale Listing 112996
Independent Motel and Restaurant
Status as of Nov-21-2008 at 06:07 PM: Active
Business Summary
This motel and restaurant offers a buyer a turnkey operation in excellent condition. This is a well run and well maintained business with an excellent reputation. The motel has long been known for providing very clean rooms at an attractive price. The newly renovated bar/grill style restaurant is popular with both tourists and locals. It is conveniently located along an interstate highway. The experienced staff and quality earnings will make this a comfortable investment and an enjoyable way of life for the new owner.
This motel attracts both tourists and business travelers. It is located near many major tourist attractions and ski areas. It is also in a town with a rapidly growing industrial and retail sector. The restaurant was renovated in May 2008 to be a pub/grill style restaurant and is popular with both locals and tourists. A new function room was added to meet the local need for function space and to attact groups and events for overnight lodging.
This property is not currently flagged and there are 2 flagged hotels nearby. The business has done well as an independent property. The rooms have all been renovated and upgraded, and offer quality lodging at reasonable prices.
Categories
Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million ($1,395,000) |
| Profits: |
Between $100 Thousand and $500 Thousand ($189,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $1 Million and $2.5 Million ($2,000,000) |
