Hotel/Restaurant/ Senior Living/Drug Rehab, Joint Venture,Sale,Lease

Masonville, NY (Delaware County)

Seller Financing Available
Hotel Brochure
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $125,000

Real Estate: N/A

Established: 2002

Hotel/Restaurant/ Senior Living/Drug Rehab, Joint Venture,Sale,Lease

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Business Description

Hotel Profit@$187,000+ /Senior Assisted Living @ $525,00 /Drug Rehab@1.8 Million

This Boutique Hotel is mix-use designed for Vacationers/Travellers as well as Senior Assisted Living and for Alcohol and Drug Rehab with Ready building for Restaurant or Outpatients services.) Newly renovated with new furniture, carpets, boilers and with the new roof. Owners are looking for Joint-Venture Partner as Motel who will receive Salary of $36,000 per year with percentage partnership with profit. Further, New Franchise company has given a minimum guarantee of income in writing for $ 179,000 per year.
Nearby Super 8, Sidney, NY motel charges between $75 to $109 per Room throughout the year. Find on Google or websites of 'booking.com' or 'Expedia'
If we consider this available motel with only an average of $59 per day at 60% occupancy the yearly revenue/income comes to @ $ 323,000 per year and Total Expenses per year would @ $136,00. See calculation.
( Expenses includes: $60,000 for Mortgage, property taxes, $36,000 for Manager's or joint venture partner's salary. $10,000 for Insurance,Cable,Telephone/Misc., $10,000 for Housekeeping(Maid), $5,000 for Maintenace, $15,000 for Utilities-Electric,water etc. Net Profit: Total income $323,000 less total expenses $136,000 = $ 187,000 per year. Joint Venture partner should invest @ $75,000 to become a percentage partner of the property. Please call Pat at Cell Number: (607) 237 4879 to discuss further. Thanks
" Realty USA" (Buyer & Seller, Loan + Franchise Provider for Hotel-Motel and Restaurant and HealthCare facility
Further, owners have three options to operate as a hotel or either to convert this Boutique hotel into Senior Assisted Living where Net Profit is projected by RMS Feasibility Study at @ $ 525,000 per year. For and Alcohol and Drug Rehabilitation Treatment Facility projection is @ $1.8 Million. For more information, please Google and type:
1384 State Route 206 Masonville, NY OR Click below website OR highlight the line and click to open for details
https://www.loopnet.com/Listing/1384-Route-206-Masonville-NY/14486115
OR www.rehabhealthny.com
New joint venture partner can also will get the opportunity for higher profit once property gets the license from the Department of Health which is under process. The property is near the border of Pennsylvania and New Jersey

Detailed Information

Location:
Masonville, NY
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
22,500
Competition:
There is only one motel Super 8 in Sidney NY to compete with which charges an average of $75 to $109 per day There are nearby five Assisted Living facilities to procure patients from and have 95% Occupancy at an average rent of $ 3762 per month. Nearby one Drug Rehab facility charges $ 1076 Per Day.
Growth & Expansion:
New Cost of construction is @ $ 150,000 per any rooms either for hotel or senior Assisted Living or for Alcohol and Drug Rehab facility. Due to high construction cost and land cost will discourage any new investor to start a new business. Since the property has 26 rooms with 52 Beds (7500 sq, ft, still available for 50 more beds) x $ 150,000 for new construction equals to market value will be @ $3.9 Million for anyone want to builds a hotel or assisted living or drug rehab property. This is a unique opportunity and concept.
Support & Training:
Will support operation and training
Reason for Selling:
Need additonal Investment Partners to Purchase more Business
Business Website:
http://www.rehabhealthny.com
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Paul Vakharia

Business Listed By:
Patrick Vakharia

Realty Investors of USA Inc.

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