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27 Unit Motel For Sale
Location Maryland,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $350000
Net Profit / Cash Flow $50000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1965
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training As much training as needed
Reason for Sale Absentee managed from different part of country
Description ASKING PRICE: $1.1 Million
AVG GROSS ROOM REV: $350,000
AVG ADR: $65.00
AVG OCCUPANCY: 55%-65%
Physical Features
1.) One story
2.) Exterior corridors
3.) Outdoor swimming pool
4.) Wireless internet
5.) Solid construction
Investment Considerations
1.) Well located in its marketplace and easily accessible to arriving guest
2.) Excellent upside potential for an owner operator to improve operating margins
3.) Absentee ownership
4.) Excellent opportunity for a first time buyer
5.) Four Bedroom - owner / managers living quarters
Property Overview
This 27-unit limited service property is located just off of a Main State Route in Maryland. The facility is a one-story structure consisting of 27 guest rooms as well as an outdoor swimming pool. In addition, the property contains a two-story 4 bedroom owner/ manager's living quarters equipped with a full kitchen, as well as, an unfinished basement that could be utilized to expand the current living quarters.
The Area only has this one independent motel and 2 upscaled franchises. Year Round business is steady that holds on to high ADR's due to very limited competition. A lot of potential in this property to increase even more revenues. This property is managed solely absentee due to owner living on the other side of the country.
May Consider Owner Finance and will allow to keep current staff management if desired.
For More Info: Please Email the Following information:
Name:
Number:
Jay (520) 664-4091
Click Here To Contact Seller
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