Asking Price: $1,650,000

Gross Revenue: $244,000

Gross Revenue Comments: 2007

Seller Financing: Ample Bank financing in the area.

Confidential Listing! 20-unit motel located in the "gold coast" area of So. Maine. Approx. 1&1/2 hours from Boston; approx. 1 mile from the beach on Coastal U.S. Rte. 1. Property is in immaculate condition - completely remodeled - excellent owner's quarters. This year's revenues to approximate $250,000. Plenty of upside growth potential!
Asking Price is $1,750,000.

Facilities: 20- unit motel building with owner's apartment on the 2nd level. Buildings, Furniture & Equipment are all in excellent condition.

Market Outlook and Competition: One of the most stable & high demand market areas in New England! There are many motels in the same general area - they all have their niches' in the market. The area is in easy driving distance from the Greater Boston, Western Mass. & Hartford, CT. areas, lending itself to very stable income - a lot of repeat guests.

Management Training and Support: Approx. 2 weeks after the sale on site - additional via telephone.

Reason For Selling: Retiring from the motel business & moving to a new area.