14 Rental Units and House, 50% Owner Financing

Garfield County, CO

Seller Financing Available
14 Rental Units and House, 50% Owner Financing

Asking Price:$1,495,000

Cash Flow:$70,000

Gross Revenue:$145,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:1960

14 Rental Units and House, 50% Owner Financing

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Business Description

Riverside Motel Nr, Aspen, Glenwood Springs, Carbondale

Priced for quick sale owner financing available up to 50% High quality motel lodging in exceptional riverside location 40 mins to Glenwood Springs, 45 mins to Aspen.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
1.1 acre riverside site, 14 letting units, laundry and a great owners house with gardens to the river. All units have been renovated and refitted and the business is self generating. Rated 4.5 out of 5 on Trip Adviser Excellence Certificate for 2016 (only given to top 10% of Trip Adviser businesses).
Competition:
Established for nearly 60 years with solid repeat and new business. Set in the heart of the forest and mountains but only 45 mins to Glenwood or Aspen. Located on a designated scenic highway loop, very popular with all types of visitors, touring, hiking and biking, motorcycle and car clubs, family reunions and wedding guests.
Growth & Expansion:
Current owner does no advertising and routinely turns away large groups as he is running motel on his own. There is considerable potential to increase bookings throughout the year with little or no additional cost. Great location perfect for wedding venue. Long term lets.
Financing:
up to 50% for qualified buyer
Support & Training:
We would be pleased to offer handover support and training to the new owners at no cost.
Reason for Selling:
Retirement

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Business Listed By:
jonathon dunn

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