Price Reduced! Owner-Operated, Independent Motel in Linden, Alabama

Linden, AL (Marengo County)

Seller Financing Available
Price Reduced! Owner-Operated, Independent Motel in Linden, Alabama
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Asking Price: Get Financing: $250,000

Cash Flow: $80,000

Gross Revenue: $104,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Price Reduced! Owner-Operated, Independent Motel in Linden, Alabama

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Business Description

Purchase a Motel for the Price of a House!

Property Highlights:

Rentable Rooms: 15
2017 Revenue: $104,000
ADR: $50

Asking price reduced to $250,000!
Revenue Multiplier: 2.4x
Occupancy Rate: 40%
Cap Rate assuming Owner-Operator working onsite: 32%

Owner Operated, Independent Motel with no competition for a 15 mile radius!

Purchase a Motel for the Price of a House!

The town is surrounded by various lakes catering to the fishing industry. Linden is comprised of manufacturing plants such as West Rock, Foster Farms, Linden Lumber, Cemex, and a few others.

The motel includes an owner's suite with bedroom, living room, and kitchen. Total of 15 rentable rooms; 9 upstairs and 6 downstairs. Each room has a refrigerator and microwave. There is a parcel next to this property (.25 acres) that will be included in this sale. The total acreage will be over half an acre.

Seller has owned and operated herself for the past 10 years and is ready to retire.

If interested, please email your full name and best contact number to info@riverbrokers.com

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
The motel includes an owner's suite with bedroom, living room, and kitchen. Total of 15 rentable rooms; 9 upstairs and 6 downstairs. Each room has a refrigerator and microwave.
Competition:
Owner Operated, Independent Motel with no competition for a 15 mile radius!
Growth & Expansion:
There is a parcel next to this property (.25 acres) that will be included in this sale. The total acreage will be over half an acre.
Financing:
Lease-Purchase Available for $125,000 down.
Support & Training:
Seller is willing to provide training
Reason for Selling:
Seller has owned and operated herself for the past 10 years and wants to retire
Contact Seller

Contact the Seller

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Kavita Purohit

Business Listed By:
Kavita Purohit

River Brokers Real Estate

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