Services - Hotels & Other Lodging | Retail - Restaurants

Asking Price	$800,000	Inventory
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	1962
FF&E	N/A	Employees	3

* included in the asking price

** not included in the asking price

Well established complex in Florida, how can you go wrong?

Well established motel and restaurant located on major highway (Routes 19, 98, and Alt 27). The complex is a beautiful two-story European-style with lots of decorative wrought-iron. Establishment includes 22x44 foot crystal-clear swimming pool as well as many large palm trees to help give the Florida feel to the nearly 2 acres of real estate. The property draws a diverse clientele from all over the U.S. as well as internationally. It is located only 20 miles from the gorgeous Gulf of Mexico and 12 miles from the famous Suwannee River. The motel also has an owner/manager's living quarters on the premises as well. Great property for persons with ambition, whether they be single or with a family. Motel is a 25-unit complex and restaurant sits roughly 125 to 150 people.

Facilities: 7724 sq. ft. motel built in 1962 includes all room furnishings such as dresser, table and chairs, nightstand, TV, phone, internet access, personal heat/cool units. Restaurant 3568 sq. ft.; currently leased for $2000/month. Includes booths, tables and chairs, two new large AC units installed August of 2004. Both buildings re-roofed 2/01, as well as many other upgrades. Large parking lot to handle boats, commercial trucks, etc. Both buildings are constructed of 8-inch cinderblock and are in excellent condition.

Competition: Business is in a prime location due to being directly on a major highway as well as having a large sign to attract people driving as they go through the town. Well advertised with 8 large billboard signs in either direction. There is one other motel in town, but we are the only one who is AAA certified (2 diamond).

Financing: We will provide partial owner financing, if necessary.

Support/Training: Will offer owner financing if necessary, as well as other questions/concerns that buyers may have such as office, pool maintenance, etc.

Reason Selling: Retiring