Services - Hotels & Other Lodging

$Seller Financing Available

Asking Price	$1,500,000	Inventory
Gross Income	$504,000	Real Estate	$2,208,270*
Cash Flow	$125,000	Year Established	1970
FF&E	N/A	Employees	6

* included in the asking price

** not included in the asking price

This business is priced to sell quickly. At this low multiple (asking price to gross sales), it will not last long! There is considerable scope to increase profitability as follows: * Banquet Room can be re-started or leased as Restaurant/Bar * Well maintained, Professionally managed Available to purchase for $200,000 down.

Facilities: Franchised 100-Room Exterior Corridor Motel with a restaurant * Located on busy State Highway - Between High Point & Charlotte, NC * Property Structure: about 35 years old * Land: 5 acres * Utilities: City Water, City Sewer * Owner owns the business since 1997. * Swimming pool 9 deep. Separate Kiddy pool. * Parking: Adequate. * Run by professional staff

Competition: Located on a busy state Highway * Financial Summary * Asking Price $1,500,000

Growth/Expansion: Prospects for Expansion / Cutting Costs X Remodel the Restaurant / Bar as Banquet room (comes with fully equipped Kitchen) or lease it for additional income. X Remodel Conference room for additional income. X Advertise on the web for higher occupancy X Do the housekeeping by in-house staff to save money Great potential for owner-operator

Seller Financing Available: Yes

Financing: Listing broker will help secure financing.

Support/Training: The buyer has the option to retain the professional staff.

Reason Selling: Owner is pursuing bigger projects