48 Room Motel With Restaurant For Sale
Location Florida,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $798400
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1960
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Owner offers training and support as needed.
Reason for Sale Owner would like to retire.
Description Price Reduced! Florida 48 Room Motel With Restaurant For Sale For $1,199,000. Extremely well established & well known since 1960. This great family business is the only motel in town! Owner is even prepared to finance a qualified buyer through a wraparound mortgage & with a reasonable cash down payment. This motel is a rare find & is in a small town in Central Florida. This is a 48 room motel plus so much more. They have a great pool & an extremely busy restaurant. The restaurant does 60% of the gross revenue! Their intersection location is a big asset--they get all the traffic, coming & going along two major highways. There is an extra lot adjacent to the motel that could be considered for sale by Owner, if someone wants to expand. It would be a great location to put a fast food service restaurant. Extra feature, is that this motel is close to Gainesville which is known for the University of Florida & the famous Gators football team, Shands Hospital & other prominent medical centers, great shopping & more. Owner is even prepared to finance a qualified buyer through a wraparound mortgage & with a reasonable cash down payment of $300,000!. Please contact Sandra Dunn, 321-452-3462 for more information.
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