Seller Financing Available

Asking Price:

$229,500

Gross Income:

$67,579

Cash Flow:

$34,286

FF&E:

$36,000.00 *

Inventory:

N/A

Real Estate:

$193,500.00 *

Year Established:

1955

Employees:

2

Business Type:

Hotels & Other Lodging Places

* included in the asking price

Business Description

This 12 unit motel with living quarters has had many updates including doors, paint and AC wall units in each room. Each unit has wireless internet, Cable TV, refrigerator, microwave and air conditioning and heating units.

Chetek, WI is a very popular vacation destination with fishing, boating, ice fishing and snowmobiling around the clock. The community offers all of the services needed for a quality of life yet close to Rice Lake to the North and Eau Claire to the South for more extensive shopping. This is a great place to live and work.

Detailed Information

Facilities:

The Chain of Lakes Motel features 12 modern housekeeping units and a owners suite on site. This is an ideal "mom and pop" purchase that could be rewarding and profitable at the same time.

Competition:

The Chain of Lakes Motel is located in the popular resort community of Chetek, WI with 6 beautiful lakes and an abundance of fishing, hunding and snowmobiling year around.

Growth/Expansion:

The motel is situated on a large 1.99 AC parcel with room for expansion. There is a demand for longer term housing by contractors or summer residents.

Financing:

Possible Land Contract

Support/Training:

Manager on site will continue or train buyer.

Reason Selling:

Other Business Interests