Hotel in growing suberb
| Asking Price: | $1,650,000 | Inventory: | |
| Gross Revenue: | $481,146 (comments below) | Real Estate: | $1,500,000 ++ |
| Cash Flow: | $81,213 | FF&E: | $150,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 4.8% increase in 2008 | |||
Value priced hotel in small community. Very little competetion in a highly desirable highway location. Large building/construction projects about to begin and a growing population. Conference centers within a block and restaurants within walking distance. Perfect location, great opportunity, stable franchise and great for the passive investor or the owner-opporator.
About the Business
Year Established:1993
Employees:3 full time - 1 part time
Franchise:Yes
Facilities:58 room hotel with indoor pool, community room, free wireless internet, ample parking, perfect highway location.
Market Outlook and Competition:Very little competition. Large construction projects about to begin with will bring a lot of contractors, engineers and others needing temporary housing. Traffic will increase greatly once projects are complete and raise sales again. Perfect time, perfect place.
About the Sale
Management Training and Support:Current owner is not involved in day-to-day activity's. The management is willing to stay and the franchisor has incredible management and training programs in place to assist buyer. Seller will also help any way they can.
Reason For Selling:Seller is 70+ years old and wishes to retire.
Seller Financing:SBA is looking for these deals with qualified buyers. Seller will look at proposals with perfect buyers based on expirence. Financing should be simple without sellers support
KEYWORDS: passive, hotel, motel, franchise, west michigan, kent ottawa, entertainment, grand rapids, absetee
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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