Quaint motel easily managed by couple
| Asking Price: | $425,000 | Inventory: | ** |
| Gross Revenue: | $127,878 | Real Estate: | $394,300 ++ |
| Cash Flow: | $53,153 | FF&E: | $27,063 ++ |
| ++ included in the asking price ** not included in the asking price | |||
The Northwood Motel offers quaint, rustic and economical accommodations for travelers, including: Family Vacationers, Antique Hunters, NASCAR Race Fans, Dog & Horse Show Attendees, Contractors, Canadian Visitors, Business Travelers.
Located in the southeastern part of the state, the motel experiences its busy period during summer months. Situated in the heart of antique country, the motel is also conveniently located to nearby lakes and a state park. In addition to heavy tourist traffic in summer months, the motel has appealed to contractors in the region during the off-season.
Located in the southeastern part of the state, the motel experiences its busy period during summer months. Situated in the heart of antique country, the motel is also conveniently located to nearby lakes and a state park. In addition to heavy tourist traffic in summer months, the motel has appealed to contractors in the region during the off-season.
About the Business
Year Established:1890
Employees:2 part time
Facilities:Building #1 Owner’s Residence: 2 Bedroom home Built: 1890 2200 sf Building #2 Guest Accommodations: 13 rooms Built: 1952 +/- 2362 sf Additional Structures: Barn, Shed Land: 5.1 acres
Market Outlook and Competition:Strong summer season through fall foliage. Contractor trade supports the off season
About the Sale
Reason For Selling:Pre-paring for preretirement
Seller Financing:Traditional property financing
Attached Files - Attachment Disclaimer
 | Busy Fall Foliage season | ||
| Lodging Accomodations | ||
| Residence | ||
| Guest Room | ||
 | Marshall Associates.Biz, LLC - General Business Broker, Certified Business Intermediary |
KEYWORDS: motel, hotel, lodging
Sell Your Business | This listing has been viewed 442 times
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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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