Asking Price: $2,400,000

Gross Revenue: $629,000

Gross Revenue Comments: Could be more (I

Inventory: $500,000 (Included in Asking Price)

FF&E: $500,000 (Included in Asking Price)

Real Estate: $2,000,000 (Included in Asking Price)

Seller Financing: Seller will finance for good Credit Buyer ONLY - Details are - $500,000 down and owner will finance till buyer can get their permanent financing (or 1 year - whichever comes first) - buyer can take over in 1 week from contract..

BUSINESS IS UP - YES UP - Seems with the "GAS CRISIS" people are taking shorter trip - so lots of vistors from PA, DE, MD, DC, VA...and why not - This is a truly 'creature comfort" hotel - beautifully remodeled with every age in mind - All rooms tastefully done, nice views, beautiful pool, hammocks, pirate ship for the kids in a nice sandy area, fenced in Misty Chincoteague Ponies (major attraction for Chincoteague_- and the best screened in Pavilion with table clothed covered picnic tables, 6 grills, utensils, electricity, and wash stand for "the catch of the day" - third hotel from the beach - next to the bicycle rentals - coffee/hot cocoa in lobby, coupons for free breakfast - all NEW CARPETING

Year Established: 2005

Employees: 6 full time - 2 part time

Facilities: Hotel, Pony Pen, Fenced in Pavilion, Sandy Play Yard with Hammocks - and Pirate Ship for kids, special parking for RV's - Pool, lighted pathways, High Speed Internet, Refrigerators in each rm, microwaves, hair dryers, irons, next to Bicycle Rentals, Wildlife Refuge and Assateague Beach

Market Outlook and Competition: No other hotels can be constructed in this area - this is the second closest hotel to the beach (Assateague) - and it is extremely visible - you must pass it before you get to the beach/nature conservancy - it is next to a camp ground so you also get the spill over from there epecially on rainy days..NO ONE ELSE has the Chncoteague ponies at their Hotel and this is a maor attraction for this area - look up "Misty of Chincoteague" on the Internet

Management Training and Support: Manager will stay on - He is great!!! Staff has no idea Hotel is for sale and would surely want to stay - you would want that also - they are very hard working, honest and diligent - would be hard to find replacements for their great work ethic.

Reason For Selling: Moving to another State to be closer to take care of aging parents