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Newly Renovated Motel In Rocky Mount For Sale

Rocky Mount, North Carolina, US
Asking Price:
$1,500,000
Sales Revenue:
$100K - $250K
Cash Flow:
$50K - $100K

Priced to sell quickly!

Asking price: $1.5M
2018 Revenue: $450,000
Revenue Multiplier: 3.33x
Rentable Rooms: 100

2019 January to August sales were $326,443!

Sellers are motivated to retire! They have operated this property for the past 10 years!

The property is located off I-95, within 9 miles of North Carolina Wesleyan College, Dunn Center for The Performing Arts and Golden East Crossing Mall. The property is miles away from Hot Wheels Amusement Park and Stonewall Manor. The Hickory Meadows Golf Course and Rocky Mountain is 10 miles away from the motel.

Substantial economic activity currently underway at that exit! CSX is constructing a transportation terminal in the city! Pfizer is expanding its factory right now. A new tire manufacturing company is hiring 400 new people! More construction happening at that exit including a possible new truck stop! Huge upside potential for the buyer. Sellers are ready to retire and tired after 10 years at the property.

100-room property was fully renovated in 2016 and 2017 with roof in great condition as well as upgraded rooms newly renovated and a brand new security system!

This property provides laundry facilities, 24-hr front desk, RV/bus/truck parking, free WIFI in public areas.

Motel is a franchise which has 95 locations. Very reasonable Franchise fee at 5%.

Denny’s, Waffle House and a few other restaurants are nearby.

Last year's revenue was $450,000!

Asking Price: $1.5M. Sellers are motivated to retire!

If interested, please call us anytime

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