Rare Opportunity for Turn Key Motel AND Retail Restaurant with Tenant!
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Rare Opportunity for Turn-Key Motel AND Retail Restaurant with Tenant!
Consistently 30-40% occupied with no advertising, no website and no media presence.
All guests are currently monthly.
2023 Room Gross $159,195.13
2024 Room Gross $173,068.86
2025 Room Gross $128,400.70 - (Seller began health problems)
Hotel has living quarters consisting of a 2 bed, 1 bath and kitchen for owner or manager. There is also a one car garage on the property for owner/manager.
Restaurant lease is month to month with tenant paying $1800 monthly, (has been as high as $2,000/mo) Tenant pays their own insurance, inside maintenance and snow removal. Restaurant also houses a 4 bed 1 bathroom apartment that is currently included in the rent. Has gas furnace and central air, new in 2022/2023.
Hotel and restaurant both had entire roofs replaced in 2022.
Of the 38 rooms:
27 window AC/Heat units have been replaced.
15 new bathtubs/shower surrounds have been replaced.
38 toilets are new.
All 38 units have had the carpet replaced in the last 4 years.
Rooms consist of 26 Double Queens, 9 Kings, 1 Handicap and 2 King Suites.
There are 2 storage closet/rooms, a maid cart room and 1 employee bathroom.
Consistently 30-40% occupied with no advertising, no website and no media presence.
All guests are currently monthly.
2023 Room Gross $159,195.13
2024 Room Gross $173,068.86
2025 Room Gross $128,400.70 - (Seller began health problems)
Hotel has living quarters consisting of a 2 bed, 1 bath and kitchen for owner or manager. There is also a one car garage on the property for owner/manager.
Restaurant lease is month to month with tenant paying $1800 monthly, (has been as high as $2,000/mo) Tenant pays their own insurance, inside maintenance and snow removal. Restaurant also houses a 4 bed 1 bathroom apartment that is currently included in the rent. Has gas furnace and central air, new in 2022/2023.
Hotel and restaurant both had entire roofs replaced in 2022.
Of the 38 rooms:
27 window AC/Heat units have been replaced.
15 new bathtubs/shower surrounds have been replaced.
38 toilets are new.
All 38 units have had the carpet replaced in the last 4 years.
Rooms consist of 26 Double Queens, 9 Kings, 1 Handicap and 2 King Suites.
There are 2 storage closet/rooms, a maid cart room and 1 employee bathroom.
About the Business
- Facilities & Assets
- Consistently 30-40% occupied with no advertising.
All guests are currently monthly.
2023 Room Gross $159,195.13
2024 Room Gross $173,068.86
2025 Room Gross $128,400.70 - (health problems started)
Hotel has living quarters consisting of a 2 bed, 1 bath and kitchen for owner or manager.
Restaurant lease is month/month with tenant paying $1800 mo, (has been as high as $2,000/mo) Tenant pays their own Ins., inside maintenance and snow removal. Restaurant also houses a 4 bed 1 bathroom apartment that is currently included in the rent. Has gas furnace and central air, new in 2022/2023.
Hotel and restaurant both had entire roofs replaced in 2022.
Of the 38 rooms:
27 window AC/Heat units have been replaced.
15 new bathtubs/shower surrounds have been replaced.
38 toilets are new.
All 38 units have had the carpet replaced in the last 4 years.
Rooms consist of 26 Double Queens, 9 Kings, 1 Handicap and 2 King Suites.
There are 2 storage closet/rooms, a maid cart room and 1 employee bathroom. - Market Outlook / Competition
- The Crete H/M market is driven by a stable, year-round industrial workforce and college activity.
Industrial Hub: Home to major manufacturing facilities that require consistent lodging.
Smithfield Foods: Employs approximately 2,200 people.
Nestlé Purina: Employs over 400 people and serves as a management training site.
Grain Craft: Operates one of the oldest dry corn mills in the U.S..
Education: Doane generates significant demand during graduation, homecoming andathletics.
Logistics: Proximity to the HWY 33/103 corridor makes it a frequent stop for the truckers.
The market features 3 primary lodging tiers:
Select Service: The Fairfield by Marriott Inn & Suites Lincoln Crete
Economy/Midscale: The Super Star Inn & Suite and Super 8 by Wyndham Crete cater to budget-conscious.
Budget: The Crete Inn by Capital O serves as the lowest-priced entry point in the market.
Limited Inventory: With only a handful of established hotels in town, hotel/motel properties benefit from a captive audience.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Health Reasons.
- Transition Support
- On job support and training post close.
- Financing Options
- cash to seller
Listing Info
- ID
- 2485720
- Listing Views
- 8
Attached DocumentsAttachment Disclaimer
Listing ID: 2485720 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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