$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

Chandra Shah
919 439-5483
Access One Realty
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