Luxury Residence Hotel Business with High End Vehicles For Sale

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Asking Price:
$1,900,000

Gross Revenue:
$828,000
Cash Flow:
$620,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Amazing opportunity to own a large residence hotel that will drive larger cash flow, and pay for itself if financed properly. This business is located at 8624 N 64th Place in beautiful Paradise Valley, AZ. It had 6 bedrooms, 6 bathrooms, and 14 real beds. It sleeps 26+ easily and is much less expensive than a luxury hotel. Also, included in the deal are three high end vehicles, including a large passenger van, a SUV and a Ferrari. This business is driving $300,000 in income, not including the cars (new venture). The cars will drive some $44,000 per month on average in income. The profits are averaging $188,000 before cars. They are projecting $69,000 a month in total revenue (with cars) and $51,553 or around $620,000 annually. There are many ways to finance this deal, including sale lease back, interest only loan or you could pay cash. This price does not include the residence itself, which will be separately financed,

About the Business

Year Established:
2016
Real Estate:
Owned
Building Sq. Ft.:
5,972
Facilities:
Location (not included in the price)
8624 N 64th Place, Paradise Valley, AZ 85253
House Description
Single story detached home with 6 bedrooms, 6 bathrooms, and 14 real beds. Home
sleeps 26 people! Need to sleep more than 26? Easy with additional rollaways,
there is no lack of space. 4 of the 6 bedrooms have en-suite bathrooms, 2 bedrooms
with a Jack and Jill bathroom, 6 total bedrooms, 6 total bathrooms. 6400 square
feet, 1 story, garage, pool with optional heat, spa, 3 fireplaces inside, fireplace
outside and BBQ grill. large selection of games and a shuffle board table to play!
Plenty of chase lounges, a pool fence that is removable, enough linens, seating and
kitchen supplies for 26 people. Children welcome, pets too. Cribs available.
Handicapped accessible. 55? TV in master and family room and 40? in every
bedroom.
Camelback Estates has all the amenities and comforts for your home away from
home. The home features a spa and heated pool along with a shuffle board table,
games, and a library. If our guests want to be pampered with extras, we can help
organize housekeepers, babysitting, chefs, nannies, massages, day trips and
anything else from our menu of concierge services. They will also find treats
waiting for them in the bar and kitchen because we love our guests!
Camelback Estate is in the highly sought-after town of Paradise Valley. This
property is located just minutes away from every hot spot in Maricopa county,
including the Scottsdale, Scottsdale night life, Phoenix Open, Barrett Jackson,
boating, fishing, golfing, spring training, Phoenix and so much more. Couple that
with the size of this property, the ability to sleep 26 people, and its beautiful high
end furnishing and it’s nothing but a win win.
We have Majestic views! This is an absolutely captivating showpiece spectacularly
set on the grounds of the award winning Camelback Golf Club. This luxurious
property is full of elegance, glamour, and the views allow for pure sere
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About the Sale

Reason For Selling:
New Business Model
Training/Support:
Seller will be happy to manage the property for the new owner

Listing Info

ID:
1496820
Ad Detail Views:
352

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Business Listed by

Mike Feinman, Managing Partner

Central Texas Business Brokers

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U.S. Census Data for Maricopa County, AZ
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Maricopa County, AZ
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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