14 Motel Rooms and 8 Apartments - Plus Bar & Restaurant

MI

14 Motel Rooms and 8 Apartments - Plus Bar & Restaurant
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Asking Price: $295,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $12,000*

Real Estate: N/A

Established: 1979

*not included in asking price.

14 Motel Rooms and 8 Apartments - Plus Bar & Restaurant

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Business Description

Motel, Apartments, Bar AND Real Estate Included in Asking Price!

Get these motels, apartments and bar for a great price! There are 14 motel rooms and 8 apartments. All of the units have been updated and maintained regularly. New carpet, paint and toilets. The rooms all have new air conditioners as well. Motel rooms and apartments stay booked pretty much year round.

The bar & restaurant has basic kitchen equipment. Pizza oven, deep fryer and grill. Has table and booth seating. Also has 15 stools for seating at the bar. Bar has 8 TVS, 2 pool tables, Pull Tab and a jukebox. The bar host karaoke nights and has a live DJ.
Class C Liquor License is included with this sale.

This business needs an active owner operator to grow the sales for the bar. Or owner can put someone in there to management it. The hotel and apartments can be ran by 1 employee to speak with customers and collect rent.

The potential for this business has barley been tapped in to. It has everything you need, just needs a good owner operator that is willing to put some time in.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
16,542
Employees:
3FT/1PT
Facilities:
Totaling in 16,542 square-feet. Located on 1.35 acres in the "thumb" of Michigan. Only a mile or so from the main road.
Competition:
The current owner just recently established an online presence for this business. He has collected a good following via social media. Staying up with the social media and creating a website would really get the name out there and increase sales.
Growth & Expansion:
The growth is unlimited. You can convert some of the motel rooms in to apartments. Expand and add on to the bar menu.
Support & Training:
Seller will provide training for 10 days at a minimum of 6 hours per day at no additional cost.
Reason for Selling:
Owner has a full time job
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Contact the Seller

(from currently available funds)
 
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Nadir Jiddou

Business Listed By:
Nadir Jiddou

Michigan Business Broker

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