Motel / Restaurant
Location Pennsylvania,United States
Asking Price Range $500K - $1.0M
Gross Revenues $600000
Net Profit / Cash Flow $72000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1967
Number of Employees 10 - 19
Inventory 135000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Owned
Training Seller will provide training & support as needed for smooth transition.
Reason for Sale Owners seeking other opportunities.
Description Motel/Restaurant located off of busy Interstate 80 exit between State College and Lock Haven. This business has many repeat customers traveling I-80 as well as local customers supporting the restaurant. The restaurant is known for its quality food and prices. Motel maintains a high occupancy rate by offering a clean well maintained room for less money than the area competitors. The current owners have made many improvements over the past few years. The business is located on a large property. Plenty of room t expand the motel or restaurant. Selling price is $855,000 and includes real estate, furniture, fixtures, equipment and liquor license. Turnkey operation. New owner can start making money immediately.
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