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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Virginia Businesses For Sale Categories   >>   

SBA Approved 53 Room Hotel

Location  Virginia,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $629000
Net Profit / Cash Flow  $59000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2006
Number of Employees  6 - 9
Inventory  50000
Relocatable  No
Number of Employees  6 - 9
Real Estate  Owned
Training  Manager, employees, and will also train.
Reason for Sale  Health reasons.
Description  Very Successful 53 Room Hotel For Sale - Remodeled - Interior Corridor - close to Beautiful Assateague Beach - Wildlife Migratory Bird Refuge--Immaculate Rooms, with Microwaves, Dryers, Ironing Boards, TV, Direct TV, Outdoor Pool, Screened in Pavillion w/barbecues, fire pits, wash areas for the ''catch of the day'' - Chincoteague Ponies on site, play area for the kids, hamocks under the trees to catch the breeze and enjoy the sounds , also great for weddings, events, etc. - No Restaurant on site..coffee,tea, hot chocolate, vending machines. The Hotel has a fabulous reputation with lots of repeat business. Price is firm - Only serious inquiries please - this is a seasonal business and area. Financing already in place just waiting for the buyer to put their signature on the dotted line - appraised at $2.8 million - all tests, appraisal, already done - which will save $10,000 - $2.5 million and owner is also willing to finance with $400,000 down. Hurry - the season is starting and future bookings are already in place. Manager and employees will stay on if new owner wants - they are great and very hard workers.
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