Services - Hotels & Other Lodging | Services - Amusement & Recreation

$Seller Financing Available

Asking Price	$465,000	Inventory	$2,000*
Gross Income	Not Disclosed	Real Estate	$500,000*
Cash Flow	Not Disclosed	Year Established	1965
FF&E	$50,000*	Employees	2 ft

* included in the asking price

** not included in the asking price

PRICE REDUCED $185,000 TO $465,000.....OWNER IS VERY MOTIVATED TO SELL AND WILL REVIEW ALL OFFERS...This 22 unit motel offers nitely, weekly and monthly accomodations to the casual traveler or temporary regional workers. Each of the 16 standard units include microwave and small frig. The 6 newer units are efficiency units with stove, frig and microwave....5 years old! There is a separate building devoted to 2 small apartments w/basements. The managers quarters are very very nice 2 bdrm w/full basement. The 'back lot' could be devoted to RV travelers or annual trailer/motor home parking. LOTS OF ROOM for expansion. The 'back lot acreage' could be subdivided and run as a separate business....RV Park, mini storage etc.

Facilities: This 30 year old plus motel is located on a very well traveled state highway. The motel sits on 5.3 acres....lots of room for expansion! The primary facility includes 16 standard rooms, 6 efficiency rooms (5 years old), 2 small apartments and a very nice 2 bdrm managers quarters w/a full basement. The motel occupies approximately 1/2 of the 4+ acres with room to expand....RV parking, storage lot etc. Could be sold separately....$100K estimated.

Competition: NO competition with 8 miles.....Lots of room for expansion and diversification....RV's, storage, mini-storage etc

Growth/Expansion: There is NO restaurant within 5 miles and plenty of room to expand to add a country style restaurant. Closed to the Illinois river and could easily cater to duck hunters and fisherman. The motel includes 5.3 acres!

Seller Financing Available: Yes

Financing: Owner will consider financing w/25% down. Local bank financing available .

Support/Training: Owner will provide initial training AND current management team will stay on and manaage.

Reason Selling: Early retirement