Listing Number: 8575-64650
Are you looking for a business with great cash flow and possible absentee ownership?Hospitality business with two motels containing 30 rooms in the one Motel and 22 rooms in the other nearby motel. The location and visibility are excellent with it being on a highway with good traffic counts.
The owner has recently made improvements to the older motel adding new windows, carpeting and paint. There is a house attached to the motel for the owner/manager.
- Price: $2,200,000
- Down Payment: $1,300,000
- Sellers Discretionary Earnings: $290,488
- Total Sales: $674,214
- Location: Withheld, North Dakota
- Inventory: $1,000
- FF&E: $250,000
- Employees: 12
- Year Established: 2001
- Reason for Selling: concentrate on growing other business
- Category: Hotels and Resorts sub