Motel business(20 years lease)
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Prime location, 2 miles drive will meet the Manhattan, New York City, all day traffic. 36 rooms. 12000 sf Lot and ample parking. Cash flow is the Projection after renovation investment.
Rent is only $ 13000/m. plus tax and CAM. Tax is just $18,538.08 per year (2022). if you maintain 65% occupancy rate, advertised net income is possible. Some of the renovation will raise more gross sales.
Great for the family to run.
The income numbers below are PROJECTIONS possible to new owners for the 2024. For the 3 years of Covid19 income, recent PNL is meaningless.
Only for the qualified buyers who can manage this Hospitality business.
If interested,
Please text or email, Google: Leo Yeo. For Hotel investment.
NDA attached must be signed for the next step.
Rent is only $ 13000/m. plus tax and CAM. Tax is just $18,538.08 per year (2022). if you maintain 65% occupancy rate, advertised net income is possible. Some of the renovation will raise more gross sales.
Great for the family to run.
The income numbers below are PROJECTIONS possible to new owners for the 2024. For the 3 years of Covid19 income, recent PNL is meaningless.
Only for the qualified buyers who can manage this Hospitality business.
If interested,
Please text or email, Google: Leo Yeo. For Hotel investment.
NDA attached must be signed for the next step.
About the Business
- Years in Operation
- 42
- Employees
- 3
- Facilities & Assets
- Well known establishment like a landmark.
- Market Outlook / Competition
- Not much.
- Opportunities for Growth
- This motel needs social media marketing and its own website.
Also some interior touch ups and renovation to upgrade for the future.
Many clients are coming back after the Covid19.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 12,545
- Rent
- $13,000.00 per month
- Lease Expiration
- 6/30/2044
About the Sale
- Seller Motivation
- Retire ASAP.
- Transition Support
- Owner will hand over all the needs for the buyer.
- Financing Options
- One shot pay.
Listing Info
- ID
- 2083579
- Listing Views
- 1080
Attached DocumentsAttachment Disclaimer
Listing ID: 2083579 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. See our full Terms of Use. Learn how to avoid scams.
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