HER Commercial Real Estate Services - Commercail Division of HER/Real Living Columbus, Ohio's largest Residential Real Estate Companies merged from ownership in Group One Realty which operated since 1979 in Central Ohio
Full Bar & Grill Kitchen, Lounge Driving Range, Recreation, Arcade Game Room, Rec Center, Micro Draft Ale, Fine Wine Selection, Full Dining Lounge plus Special Event Reception Hosting Lounge, Outdoor Patio & Bar Lounge, Excellent "Top Industry" Profit Margin Ratios, Low Low Flat Lease Rate of including all adjacent Recreation, Range, Outdoor Patio + Purchase Options
SEASONAL YEAR ROUND RECREATION OPERATIONS CASH FLOW
LATE NIGHT OWL UNIQUE CLUB BONUS INCOME SALES REVENUE
Walnut Creek, OH
This is a quaint 22 room inn in the heart of Amish Country Ohio. Holmes County Ohio is home to the largest Amish community in the whole country. The inn is located within walking steps to gift shops, bakeries, and restaurants and sits on top of a hill overlooking the beautiful Walnut Creek valley. All rooms have been renovated in the past couple years so no work will need to be done. A beautiful new office & continental breakfast building was opened just 2 years ago. The 1600 sq feet lower level of the office building can be easily finished to make living quarters for manager or owner. Business has grown steadily every year for 5+ years. Amish Country is the 2nd most visited tourist destination in Ohio and continues to grow. New shops, restaurants, furniture stores and attractions continue to be built. We must sell due to a out of state transfer but the outlook for the business and the area are excellent.
Yearly Occupancy: 51.7%
Country Squire Motel & Self Storage is a great opportunity for an Industry buyer or a business person(s) looking for a proven business with great cash flow and room for expansion. This facility requires little over-site by owner. The facility has a long proven standing and was first started over 50 years ago as just a motel, the Self Storage part of the business was added, starting in 1997 which has 130 storage unit. There are 8 storage buildings. Each is 1920 sq. ft. for a total sq. footage of 15,360. This is located on a very high visibility Interstate Route (St. Rt. 62) that goes from Salem, thru Alliance to Canton, Ohio etc. It is located in the heart of the Marcellus and Utica shale territory. The combination of these businesses works hand in glove. The 10 room motel has a spacious 2 bedroom living quarters, w/ Living Room and large kitchen, built right into the Motel itself. The couple that manages the facility lives of course on the property which works well for the Self Storage business as well. This facility is also located 2 miles east of The University of Mount Union, which is a very well respected private University. Both businesses, hold their own financially and both have a great track record of profitability. The property also has a Gas Well on the property that is used to help heat the motel. The owner is hoping to keep the mineral rights, but not the existing gas well."PLEASE USE GOOGLE MAPS TO THE RIGHT, TO VIEW THIS FACILITY" NOTE: YOU MUST SCROLL A LITTLE TO THE RIGHT WHEN USING GOOGLE MAPS (google marked the property wrong)! Of course Google maps is a great way to visit properties from an overview and street view! The current owner purchased the property in July of 2009. Many needed improvements have been done during this time. The motel had a new rubber roof installed, new furnace in living quarters, new tile work in bathrooms where needed, just had all new carpet installed, new ceiling in living quarters, new hot water tanks, asphalt drive installed in front of motel and office, new wall in laundry room, new landscape around sign, etc. etc. Even at the asking price this facility has over a 14% Cap-Rate. Owner knows he must sell, due to health concerns. Customer demand has been very good for both the Self Storage and motel. Starting Jan. 1st of this year a rate increase for both storage units and motel rooms was implemented. Due to the health condition of the owner, a reasonable offer will be considered if the potential buyer can show up front, the capability of closing on this offer. Note: This Facility Qualifies for a SBA Loan Guarantee, buyer must also meet SBA requirements.
Please note: This facility is located in Mahoning County (not Stark).
Huron County, OH
Lake County, OH
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