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Motel 15 units in the Black Hills of Wyoming $330,000

Newcastle, WY (Weston County)

Motel 15 units in the Black Hills of Wyoming $330,000

Asking Price: $330,000

Gross Income: $140,000

Cash Flow: $108,000

EBITDA: $85,000

FF&E: $30,000

Inventory: $5,000

Real Estate: N/A

Established: 1954

Employees: 0

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Business Description

$330,000 15 Unit Motel in Newcastle Wyoming with Home

A turnkey 15 unit motel with managers quarters and an adjacent 3 bedroom 2 bath home. A garage at the house and a garage in the motel. All situated on a full acre lot in town. The motel has great numbers and is well maintained. See photos at the website below.

http://www.hilltopmotel-us16us85.com/Motel

SOME of the Inventory included is:

Laundry Room-
Bed Linens (Sheets, Pillowcases,Bedspreads, Blankets, Pillows, Mattress Covers)

Bath Linens ( Towels,Wash Clothes,Hand Towels,Mats)

Cleaning Supplies,

Complimentary Supplies

Washers and Dryers (2 Each)
Maid's and Laundry Carts

Manager's Quarters-
Stove, Refrierator, Dishwasher, Table/Chairs

Exterior Amenities-

12 Benches, Picnic Tables, Grills, Ash Trays/Cans, 3 Storage Sheds, 1 soft drink vending Machine, 1 detached garage w/ workshop at adjacent home. In home all appliances stay.

2 Swamp Coolers -- 1 in the laundry room at Motel and 1 in adjacent home.

Live where you work. The local ecomony is very good In the Area. Very low property Taxes, NO State Income Taxes, 5% Sales Tax... Live and let live atmosphere.

Located Near Mt. Rushmore, Devil's Tower, Crazy Horse Monument, Deadwood, Surgis Bike Rally. Hunter's Paradise.and Much more...

We have had serious health problems for sometime, now, it's our reason for selling'......

Detailed Information

Inventory:
Included in asking price
Real Estate:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1 acre of city lots, 15 Motel rooms w/furnishings, 2 garages, 3 bedroom 2 bath home, Large drives and parking lot, managers quarters, laundry room and supplies and inventory. New Roofs on house, garages and motel. New dual Water heater system for motel, All facilities air conditioned.
Competition:
Newcastle is in the foothills of the Black Hills of Wyoming at the intersection of US Hiway 16 and US Hiway 85. We book travelers, folks in the oil, coal, railroad industries, Sturgis Bike Rally riders, and Hunters.
Growth & Expansion:
The property can be improved with additional units or a public laundry and restroom facility and/or Rec-Room.
Financing:
0
Support & Training:
Turnkey business only needs a couple of days to figure out. We will stay on up to a week or so to help out.
Reason for Selling:
Bad health and 70 years old, retiring.
Business Website:
http://www.hilltopmotel-us16us85.com/Motel
Contact Business Seller

Ad#: 620307

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Business Listed By:
Jerry Hammond

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