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Businesses For Sale   >>   Iowa Businesses For Sale Categories   >>   

41 Room Motel - Bargain Price, Low Cash Down

Location  Iowa,United States
Asking Price Range  $250K - $500K
Gross Revenues  $170000
Net Profit / Cash Flow  $50000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1980
Number of Employees  4 - 5
Relocatable  No
Number of Employees  4 - 5
Real Estate  Owned
Reason for Sale  Other business interests in different state.
Description  41+ unit franchise motel with breakfast area, large 3 bedroom 2.5 bath living quarters with game room, pool, five car garage, and nice grounds. Money making older property in nice university town. Closest motel to university! Adjacent to best restaurant in town! On main north/south highway! Gross revenues $150,000-$170,000! Asking only $495,000 with seller financing possible! Owner open to negotiating with serious buyer. All offers considered. Owner has three motels in three different states and cannot supervise them so this one is being sold. Make an offer! Owner will consider serious buyers with low cash down. Two-story motel on beautiful grounds with outdoor pool, picnic area, basketball court, free wi-fi, and limited continental breakfast. Located in oskaloosa, iowa, on hwy 63 just north of william penn university and immediately adjacent to peppertree's restaurant and pepper's lounge, about one mile north of the intersection of highways 92 and 63. Email for more information or call owner direct at 859-325-0257.
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