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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   >>   

Possible Owner Financing For Motel

Location  Virginia,United States
Asking Price Range  $250K - $500K
Gross Revenues  $125250
Net Profit / Cash Flow  $43288
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1978
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Reason for Sale  Owner passed away.
Description  Grundy, Virginia, AFFORDABLE HOTEL FOR SALE WITH A 9 CAP RATE, FOR YOU TO OWN! Located in Grundy,Virginia this 38 room motel. Offered $300,000 at which is the current appraised value (done Feb. 2009). Situated on approximately 1.33 acres, 13,980 square, Situated near Law School and Pharmacy School. This property generates gross 125,250 annually. Net Gross is 43,288 annually. This property has a history of a great cash flow! A GREAT INVESTMENT AND A GOOD CANDIDATE FOR A 1031 TAX EXCHANGE OR CONDO CONVERSION AS THERE IS LITTLE OFF CAMPUS HOUSING. THIS IS A REAL MONEY MAKER! Location is: 19587 Riverside Drive Grundy Va 24914. Offered at: $350,000. Current room rentals are: 19 Double rooms at $53.39 a day. 10 Singles at $42.69. 2 Deluxe Singles at $47.08. 6 Kings at $53.39 a day. 1 Suite at $60.00 a day. MLS #: Anchor Inn in Grundy Virginia, Owner Financing Possible, Wonderful Investment! Price: $350,000. Type: Commercial Properties Area/County: South West Virginia Address: 19587 Riverside Drive City: Grundy State/Zip: VA/24914
Click Here To Contact Seller

    

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