Services - Hotels & Other Lodging

Asking Price	$1,345,500	Inventory
Gross Income	$109,000	Real Estate	$1,233,000*
Cash Flow	$60,000	Year Established	1960
FF&E	$125,000*	Employees	1/2

* included in the asking price

** not included in the asking price

One of the best looking, well kept motels in the area. Offers the patrons close proximity to the beach at reasonable prices. Provides the owners with comfortable and attractive quarters with huge master suite, extensive storage and expansive views of the Bogue Sound. This is a great investment for a family who is seeking hospitality as their livelihood and wants the advantages of living over your business. You could launch your boat from the marina across the street. The motel is less than a mile from NC's second most-visited state park at Fort Macon.

Facilities: Well maintained, ultra clean, street level motel w/ 5 efficiency apartments, 6 rooms, 2 bedroom manager's apartment, office, basement storage/laundry and 2bed/2 bath second floor owner's quarters w/over 2000sf of conditioned space and over 400sf of decking overlooking the sound.

Competition: The local trend has been to convert small motels into condotels where individual rooms or suites are sold to investors; therefore, there is a shortage of rentable rooms. The motel is very near public access to the beach and across the street from a marina with leasable boat slips.

Growth/Expansion: Perhaps additional rooms could be built on the second level adjacent to the living quarters. The motel is open ONLY March to November; could be open 12 months with special ad campaign

Financing: There is NO seller financing

Support/Training: Owners will facilitate an orderly transition.

Reason Selling: owners are retiring