Seller Financing Available

Asking Price:

$159,000

Gross Income:

$65,000

Cash Flow:

$9,123

EBITDA:

$2,000

FF&E:

$12,000.00 *

Inventory:

$1,500.00 *

Real Estate:

$141,000.00 *

Year Established:

1956

Employees:

2

Business Types:

Hotels & Other Lodging Places
Other Personal Services

* included in the asking price

Business Description

Great Opportunity to own Motel with high visability. Tremendous upside with reduction in vacancy due to marketing and improvements. Current P/L based on 40% occupancy.
Active Owners with any motel or hotel experience would improve cash flow and increase return on investment.

Detailed Information

Facilities:

Over 9,000 sf, 16 room motel fronting US-54. Just under 1 acre with an onsite 3 bedroom manager home attached to business office.

Competition:

Only Hotel within 1 mile radius, 51,600 Vehicles per day, primary east/west thouroughfare in West Wichita.

Growth/Expansion:

Improved signage and minor improvements would attract more customers

Financing:

Minimum 20% down, Balance 5% fixed 5 years

Support/Training:

On-Site / Live-in manager

Reason Selling:

Absentee owner, wants to pursue other opportunities

Broker Information

Randy Bowles

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