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Unbeatable Location Central Maryland Motel For Sale

Howard County, Maryland
Asking Price:
$1,800,000
Sales Revenue:
$415,000
Cash Flow:
$210,000

31 unit motel in Maryland for sale 1.8M, Avg gross 415k
2.5+ acres (possible to add on)
1 owner for 40+ years, but manager-run
Recently renovated rooms/new roof
Beautiful & tranquil surroundings at a State Park

Property Information

Real Estate:

Real Property Included

Living Accommodation:

2 bedrooms, 1 bathroom, dining room, kitchen, living room, unfinished basement, additional 1/2 bathroom, reception area, secure reception desk, office, storage and additional bonus room.

Location:

Main East-West State Highway and 1 mile from Interstate adjacent to a State Park, wealthy rural County with easy access to Baltimore and Washington DC

Premises Details:

Horseshoe arrangement of guest rooms plus 2 additional guest room structures, with separate owner/manager apartment with reception area attached.

Business Operation

Expansion Potential:

2.5 acres+ land with plenty of scope for expansion - plans were previously drawn up but not actioned

Competition / Market:

No other motels in the vicinity

Reasons for selling:

Owner retiring after 40+ years

Trading hours:

24 hours per day

Employees:
2
Years established:
1978

Other Information

Support & training:

Orientation to operation and training in the fundamentals can be provided

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Depending on due diligence

Furniture / Fixtures value:
$10,000
Inventory / Stock value:
$5,000
Related Documents:
Home based:
This business can be run from home.

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