100 Rooms Motel For Sale North of Houston
| Asking Price: | $1,590,000 | Inventory: | $250,000 ++ |
| Gross Revenue: | $280,000 (comments below) | Real Estate: | $1,300,000 ++ |
| Cash Flow: | $140,000 (comments below) | FF&E: | $200,000 ++ |
| ++ included in the asking price ** not included in the asking price |
| Gross Revenue Comments: Operating @ 30% capacity |
| Cash Flow Comments: With Zero Marketing plan |
This 100 Rooms Motel is the largest in town with the next largest motel in the area having only 70 rooms facility. The rest of the other Motels range between 35 and 50 rooms. This motel is better prepared for upcoming avalanche of business the city is anticipating in the next 5 years. Current rates of the subject Motel at $55.00 gives it a tremendous latitude to tailor marketing efforts and price adjustments as needed. This motel can be better prepared to take adantage of the anticipated economic expansion in the area that will impact the town. Great opportunity for enterprising buyer to make an incredible profit
About the Business
Year Established:1979
Employees:1 full time -
Facilities:4 Buildings on 2.9 Acres Land; City's Main Street; over 300 feet frontage. 100 Rooms over 3 2-story Buildings. 151 parking spaces. Commercial space has Restaurant, Bar & Meeting Rooms in the 4th building with Lobby, 4 offices or managers' living quarters. This is a Lake Resort town; originally a Holiday Inn, now it is Independent. Requires some physical & marketing investment. The town is gearing for a major economic turn around in the next 12 months
Market Outlook and Competition:Competition: This is the largest motel in town. There are three other competing motels in town including Holiday Inn Express, Livingston Inn and Hampton Inn . Since the competion have newer construction the room rates also are more than twice as much. Three new motels are under construction including Best Western, La Quinta, and a version of the Marriotts. Growth and Expansion: Economic shift from Lake Conroe's saturated supply and high price makes Livingston the next Retirement haven and resort town that is still affordable for Baby Boomers . Property value around Lake Livingston is climbing fast with the expanded resorts and Boat slips around the lake. Traditionally a retirement town for the wealthy, family members visit for annual reunions and vacation trips. The upcoming attractions of Casinos in Indian Reservations, Coming of I-69 TTC along US59, Racetrack in Cleveland and Disney are just a few of the town's bright future economic outlook.
About the Sale
Management Training and Support:One Month Management Training is part of the package.
Reason For Selling:Owner is Moving. Highly motivated to sell. Bring your best Offer. Owner will pick the highest offer submitted.
Seller Financing:25% cash down, 75% Seller Financing @8.25%
subject to credit check.
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