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Hotel motel -lodging facility

Columbia, Kentucky (Adair County)

Services - Hotels & Other Lodging | Services - Other Business Services

Asking Price $2,400,000 Inventory $10,000* 
Gross Income $680,000 Real Estate $2,000,000* 
Cash Flow $650,000 Year Established 1992
FF&E $50,000* Employees 10

* included in the asking price

** not included in the asking price

Best primary location in town, steady growing business, no competion in 25 mile. Running business/income from Day 1. Assumable fixed int loan. nice cement & steel blocks construction. Best franchise motel. Convenient location for all kind of travelers.

Facilities: As good as new property, 3 times B W Director Award winning property. Last inspection score 977. No punch list, top of the line in design guid line. New roof , new furniture, new pool, new computer system, new LD & Ice machine, new blanket & coffee machine, manager apartment fully furnished, 2 hot tub jacuzy in room, big parking lot with 10 18-wheeler truck parking. Boat parking also available. Total 51 rooms, 38 qq & 12 king, heated pool & hot tub out side.

Competition: Only one franchise motel in town. Built in 1992, ground + one story ,exterior corridor, solid block & steel costruction. No competition, prime location, Linsey college ,industrial park , hospital, juvenile facility, close to all major restaurants, close to two lakes/resorts: Lake Cumberland & Green River Lake. located on Cumberland Parkway between I-75 & I-65.

Growth/Expansion: Growing town, new indutries, future I-66 & bypass under construction, Super Wal-Mart, hospital, Lindsey college expansion.

Financing: Assumable loan 7.68 % fixed, $ 1,000,000. rest after down $ 500,000 payment

Support/Training: 2 weeks

Reason Selling: Would like to move to GA to be with my family & get into business with them.

AD # 383163

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