Profitable 19-room Motel with Manager Apartment on 4.55 Aces
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This is a 18-room motel with a 2-BR Manager's apartment, a rental apartment and a common area equipped for guest laundry and cooking along the bank of Lake Michigan and State Highway 41. Tourist and business area. Very close to fishing tournaments, Marinette shipyard, a regional hospital and cancer center, and Waupaca foundry. Huge parking lot and electric outlets for boat plug in and truck parking. Official snowmobile track runs inside the property. Well water with no water bill. Large lot with extra few acres in the back with lots of potential, such as self-storage. Daily rentals and weekly rentals make this business great all year round. Absentee owner wants to retire. Asking $685,000. PLEASE DO NOT CALL THE PROPERTY!
About the Business
- Years in Operation
- 37
- Facilities & Assets
- - Profitable 18-19 room Motel with Manager Apartment on 4.55 Acres
- Owner-operator opportunity generating strong cash flow.
- Located near major employers and outdoor recreation in Marinette, Wisconsin.
- Established hospitality property serving contractors, regional travelers, fishermen, and hospital visitors.
- Large land parcel offers expansion potential for RV sites, cabins, or storage development. - Website
- http://www.tarragonmotel.com
- Market Outlook / Competition
- This is a cash cow with high visibility from hwy 41. Summer is the busiest season.
- Opportunities for Growth
- - Large land parcel offers expansion potential for RV sites, cabins, or storage development.
- Motel currently operated by staff and remotely managed by owner. An owner operator will definitely maximize the revenue and minimize the expenses.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 4,400
About the Sale
- Seller Motivation
- Tired of remote management and retirement.
- Transition Support
- 1 month of operational support by the owner remotely.
- Financing Options
- Conventional loan at 6.75% with 20% down or SBA loan with 10% down
Listing Info
- ID
- 2483178
- Listing Views
- 8
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2483178 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.
