Gross Revenue: $189,945
Real Estate: N/A
Turnkey 15 Room Motel with Home $305,000
Laid-back Living and Good Numbers to boot
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 (New Roofs, new Recirculating Hot Water dual tank system). 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, Refrigerator, 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 economy is very good. 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... ...... NO OWNER FINANCING
Inventory: Included in asking price
Real Estate: Owned
Included in asking price
Building Sq. Ft.: N/A
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 Recirculating Hot Water system for motel, All facilities air conditioned.
Competition: Newcastle is in the foothills of the Black Hills of Wyoming at the intersection of US Highway 16 and US Highway 85. We book travelers, folks in the oil (lots of activity), coal, railroad, and construction industries, Sturgis Bike Rally riders, and Hunters (Antelope, Deer, and Elk seasons).
Growth & Expansion: The property can be improved with additional units or a public laundry and restroom facility and/or Rec-Room.
Financing: No owner financing
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: 73 years old and retiring.
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