9 Unit Keys Motel

Monroe County, FL

Seller Financing Available
9 Unit Keys Motel

Asking Price:$1,600,000

Cash Flow:$192,000

Gross Revenue:$411,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:N/A

9 Unit Keys Motel

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Business Description

This is a cute 9 Unit motel in the FL Keys. It has great views, centrally located and near-by all types of water sports activities including diving, boating, fishing, etc. for your guests vacation pleasure.

This is ready for a hands-on manager to take the motel operations to the next level. There is a large workshop on-site available for a handy manager to perform and complete many maintenance and repair projects.

There is significant potential to advertise and grow this motel business while also providing a nice manager's apartment in the scenic FL Keys!

The above set forth information has been secured from the Seller. Broker in no way guarantees the accuracy of such information, nor does it warrant any assumptions as true and correct. The business may be withdrawn from sale without notice.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Facilities:
It is comprised of 9 transient rental units, 1 managers apartment, 2 offices, a laundry and storage facility and a large workshop. The motel has a pool and plenty of parking.
Competition:
The motel has been operating as a long term rentals. The property has 9 transient rental licenses that could allow it to offer daily rentals. There are new larger motels opening in the area. However, this motel caters to those who are more interested in the small "Keys style" motel experience.
Growth & Expansion:
This business has the potential for expanding its daily rental business. It was previously operated as long term residential complex. An on-site manager living in the manager's apartment will allow for effectively managing the daily rental business. All the ancillary motel services can be added for additional revenue streams. There are two offices on-site that can possibly be used for these services, i.e., salon, spa or massage. There is also an on-site laundry room.
Financing:
Possible to qualified buyer
Support & Training:
The seller is willing to provide a solid training and transition period to the new owner.
Reason for Selling:
Moving on to other projects.

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Arne Lebrato, MBA, CPA

Business Listed By:
Arne Lebrato, MBA, CPA

Florida Keys Real Estate Co.

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