Services - Hotels & Other Lodging

Asking Price	$545,000	Inventory
Gross Income	$119,000	Real Estate
Cash Flow	$90,000	Year Established	N/A
FF&E	N/A	Employees	1

* included in the asking price

** not included in the asking price

Motel is rented yearround through Social Services. They call daily to check on availability and pay every two weeks. They also cover any damages. Using this agency means there is no need to advertise, staff a front desk, or have daily maid service. It's truly a one person operation with $108,000 gross income in 2007 and $119,000 in 2008. In May, 2009 owner put new ceilings in each bathroom, new sheetrock walls in 2 bathrooms, carpet in a unit, and the roof was silver-coated. No "low ball" offers accepted!

Facilities: 2-story motel on 80' x 80' lot with parking for 8 vehicles. Rooms renovated 6 years ago. 6 efficiency units with kitchen and 2 are motel rooms with jacuzzi. Units are rented yearround thru Social Services.

Support/Training: Owner will train new owner.

Reason Selling: Owner moving out of state.