PRICE CUT FOR FAST SALE-Great Motel-Super Location North Of Dallas

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WOW NICE Motel-Hot Location-Traveler, Tourist and Locals-

Business Description

We are EXCITED to be able to present this NICE,SUCCESSFUL Two Story Longstanding Motel that is now available for sale. This is a GREAT cash flowing business with lots of repeats guests, and solid internet bookings.

THIS is a WONDERFUL Opportunity for either an owner operator or investor. This is a Nice Mid-Level Motel that has an ideal location. Not only is near all the MAJOR AND RIGHT Highways and Roads, but there are also Abundant Restaurants, Two Parks, Neat Lake, Antique shops, Concerts, Art Gallery, Shows, Golf, Shopping, and More Great Features and Attractions in the area.
It has a lobby area with receptionist area, a sitting area, and a private office. There is also a Drive up window for customer convenience. It also has a three bedrooms apartment for the owner or management to stay on premises.

There are 120 Rooms that includes 17 Suites which come with Nice Kitchenettes . There are a host of amenities included such as:

24 Hr. Reception
LAN Wi-Fi
Pets Allowed
Great- Convenient Parking
Air Conditioning
Non Smoking Rooms
Access for Handicapped
Drive Up Window
Laundry Facilities
Flat Screen T.V.’s
Swimming Pool
24 Hr. Monitored Security

The Motel has been doing some upgrades and making renovations. (Roof is less than 2 years old).There could be a few more minor updates done, but they are mostly just cosmetic. This provides an excellent repositioning opportunity for the new owner or investor.

This motel is making GOOD PROFITS, yet has the potential to do SO MUCH MORE! They do use Internet sites to promote and book the Motel and Rooms. HOWEVER, they do not have any WEBSITE. With the Location this business has, and just doing a few local promotions, Business Could BOOM!!

IT is all here. THIS IS AN AMAZING OPPORTUNITY!!!

YOU DO NOT WANT TO MISS THIS!!!

About the Business

Location:
Texas
Year Established:
1984
Number of Employees:
7
Real Estate:
Owned
Facilities:
This Motel is situated on a fantastic property that is approx. 2.3 acres. This is prime real estate at the Junction of an Interstate and Major State Highway.

It also has excellent traffic access for the City Populace. This provides the motel with excellent visibility and easy entry from all directions.

The Motel incorporates three buildings which include 120 rooms, including 17 Suites. The buildings footage totals approx. 24,722 sq. ft. (All the buildings are two stories). One Building has 8,154 sq. ft., the second has 10,108 sq. ft., and the third has 6,460 sq. ft. The rest of the property is primarily paved with exceptional parking.

The real estate is valued at approx. $1,400,000.

The Motel was built in 1984 and consists of three buildings with a total of approx. 24,722 sq. ft. plus a 20’ x 30’ outdoor swimming pool and lounging area, and plenty of paved parking. All the buildings are two stories. The Roof is less than 2 years old.

(All sizes and numbers are approximate)
Market Outlook/
Competition:
There are some in the area but are not in direct competition to this motel
Growth & Expansion:
This business could BOOK OUT. They do use Internet booking sites, etc. BUT HAVE NO WEBSITE! Adding that alone would bring tremendous growth, On top of that, doing More and Better marketing, more welcoming flyers in rest areas nearby, more interaction with the Civic Center, Truck Stops, and Travel Centers… WOW!!!
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About the Sale

Reason For Selling:
Partnership disputes and separation
Training/Support:
The owner will provide 2 weeks of free on-site training, as well as up to 3 months of free phone consultation on an as needed basis.
Seller Financing:
Bank or SBA Loan Available

Listing Info

ID:
1619472
Ad Detail Views:
1927
Asking Price:
$1,650,000

Gross Revenue:
$500,000
Cash Flow:
$250,019
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$120,000
included in asking price

Real Estate:
 Not Disclosed

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