Newly Remodeled Interior Corridor Hotel with Exra Lot

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Asking Price:
$1,750,000

Gross Revenue:
$450,000
Cash Flow:
$300,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$100,000
included in asking price

Real Estate:
$1,700,000
included in asking price

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Business Description

Family owned and operated 31 room interior corridor hotel on approx. 2 Acres. Bult in 2003. Sales average $450,00/ year with 80 -90% occupancy. Included is a 3 bedroom, 2 bath owner’s suite. One of the bedrooms can be converted back into a rental room. Has a new roof. All rooms have been recently renovated. In house laundry. Breakfast room with complimentary continental breakfast. Included is the adjacent 1 acre lot that can be used for expansion or putting in a pool. Excellent records showing a $300K cash flow before taxes and debt service. Present owner does no on line booking. The only advertising are a couple of billboards. Perfect for a hands on owner operator in a growing area close to Myrtle Beach.

About the Business

Location:
Loris, South Carolina
Year Established:
2003
Real Estate:
Owned
Building Sq. Ft.:
33,120
Facilities:
non flag 31 room hotel
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About the Sale

Reason For Selling:
Retirement
Training/Support:
2 weeks

Listing Info

ID:
1672763
Ad Detail Views:
227

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Business Listed by

Jim Bunting

www.traddcommercial.com

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