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Top tourist resort hotel

Hot Springs, Arkansas (Garland County)

Services - Hotels & Other Lodging

Asking Price $497,000 Inventory --* 
Gross Income $131,256 Real Estate $444,000* 
Cash Flow $99,178 Year Established 1957
FF&E $75,000* Employees 1 pt

* included in the asking price

** not included in the asking price

Motel has received the finest of care and is in perfect condition ---roof is brand new and all rooms were recently refurbished with many new furnishings. This is a great opportunity to buy a well established motel that is fun and very easy to operate while providing a great income. Renting owner's residence, if not needed by new owner could add $20,000 to the bottom line. A professional web site is included and receives numerous hits--a good business builder. Nicest such buysiness of it's type in the area and a real opportunity too! email Jack Crosby for non disclosure agreement and complete details. aandjcrosby@aol.com For more area listings see our website at www.muradianbusinessopportunities.com

Facilities: 18 unit motel with a variety of room styles from single rooms to suites with a kitchen., 2/3 acre paved, large swinmming pool. Within easy walking distance of historic downtown with famous bathhouse row, antique stores, art galleries & National Park. Close to oaklawn thoroughbred race track, venues for Documentary Film Festival, Oktoberfest, Music festival and so much more. Financials are with renting owner's residence @ $1,375 per month.

Competition: Cleanest rooms in the stste---bar none. Hot Springs just made #1 place to retire in America in new book. House values are holding strong compared to anywhere else in the country. Super low cost of living too!

Growth/Expansion: There is room for additional rental rooms plus space for a breakfast restaurant in the present owner's residence.

Financing: Some owner financing ar generous terms

Support/Training: Complete training and transition assistance from the owner.

Reason Selling: Divorce and relocation.

AD # 348729

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