28 Room Motel In Gilchrist County For Sale

Fanning Springs, FL (Gilchrist County)

Seller Financing Available
This is the type of motel that would be great for an owner/operator or family.

Asking Price:$899,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:1955

28 Room Motel In Gilchrist County For Sale

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Business Description

Classic Florida Style 28 Room Motel For Sale For $899,000! Cap Rate is 8%. Are you the buyer with vision and energy to make this motel shine again? Established in 1955, this a classic old Florida style motel, with drive up to the door parking, simple amenities, and a peaceful atmosphere to make the guest’s stay a pleasant one. The motel is 13,700sq.ft. on approximately 2.08 acres. Guest come to visit the State Park, go fishing or boating on the river, visit the nearby winery, and relax away from big city pressures. The seller has added a new outdoor sign, new air conditioners, new carpet, new beds and bedding in the last year or two, but admittedly the motel needs additional cosmetic work and upgrades to compete in today’s competitive environment. While some rooms have WI-FI, refrigerators and microwaves and even ceiling fans, a new owner would be wise to bring every room to consistent modern standards and to ensure a bright and attractive curbside appeal. This is the type of motel that would be great for an owner/operator or family. It will be bought by someone who understands the beauty of the location and who can bring the motel back to its peak revenues of $245,000 to $265,000. Current revenues in the last several years do not match that, but the location is worth the current asking price for a well-located Florida motel. Call and make an offer today! Seller will consider seller financing with $250,000 cash down. Call for more details

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Facilities:
The location is superb --right in the midst of a busy tourist destination. It is directly on a major highway and close to everything! Just minutes from the State Park, close to restaurants, shops, gas, shopping and much more. People come to this area to simply relax and get away from it all or to enjoy water sports, go fishing, hiking and have lots of outdoor fun in the sun! Gainesville where the University Hospital is located is only 30 minutes way. This location is very convenient for all. Call for more information.
Competition:
Some competition. Trading hours:24 hours a day , 7 days a week
Growth & Expansion:
This is the type of motel that would be great for an owner/operator or family. It will be bought by someone who understands the beauty of the location and who can bring the motel back to its peak revenues
Financing:
Seller will consider seller financing with $250,000 cash down.
Support & Training:
As required
Reason for Selling:
Owners are ready to retire

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James Baker

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James Baker

Matchmaker Business, Inc.

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