Motel Apartment Rental Company For Sale

Business description

This well established motel and apartment rental wields many repeat hunters and sports fishermen every season. They have the perfect accommodations for truckers, offering a large truck parking area. Kitchenettes in many units are a traveler’s welcome convenience. There are non smoking units available, and as always pets are welcome. With 36 units available they offer affordable comfort and shelter to the weary traveler or sportsman. Many look forward to this welcome part of their weekend hunting or fishing trips and consider this their home away from home. There is a 9 unit apartment complex with a 90% occupancy and good cash flow. Our guests appreciate the convenience of wireless DSL and satellite TV. Call today for the details on this lucrative opportunity.

Property information

Real Estate:

Real Property Included

Location:

There are 10 buildings on approximately 2 acres, on a main street, that are included in the sale of the business. 2 of the buildings are multi-level. Property included improvements are new roof, new heat pumps and all new hot water tanks.

Other information

Expansion potential:

Growth and expansion could be obtained by adding on more units and through internet advertising. Additionally you could build a restaurant and mini mart on the property to increase sales. There are 2 motels that have been approved in the past for this site. This would be a good project for growth with a new NASCAR type race track and ethanol plant scheduled for development nearby.

Competition / Market:

There is some competition.

Support & training:

Owner agrees to stay through a reasonable transition period.

Reasons for selling:

Other business interests.

Financing available:

There is possibly some owner financing available to the right buyer.