Profitable Motels

ND

Seller Financing Available
Profitable Motels
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Asking Price: Get Financing: $2,200,000

Cash Flow: $290,488

Gross Revenue: $674,214

EBITDA: N/A

FF&E: $250,000

Inventory: $1,000

Established: 2001

Profitable Motels

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Business Description

Fantastic Business

Are you looking for a business with great cash flow and possible absentee ownership?Hospitality business with two motels containing 30 rooms in the one Motel and 22 rooms in the other nearby motel. The location and visibility are excellent with it being on a highway with good traffic counts.
The owner has recently made improvements to the older motel adding new windows, carpeting and paint. There is a house attached to the motel for the owner/manager.

Detailed Information

Inventory:
Included in asking price
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business was started in 2001 and sales increased steadily through the years. A new owner bought the business in 2008 and built a second motel in 2010 which is located in close proximity to the original.
Competition:
Although the businesses are located in a smaller market these motels deliver a quality experience through their amenities and service. Being the only show in town they have captured the market but have not been complacent in running the business. Their room rates are reasonably priced with rates that aren’t the highest and not the lowest. In their effort to accommodate those that want their own space, they also offer spacious log cabins.
Growth & Expansion:
The town has been growing as well as the resort area surrounding the town. Occupancy rates have been holding at 75% and will stay strong in the foreseeable future.
Support & Training:
8 weeks
Reason for Selling:
other business interests
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Contact the Seller

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Tim Herrmann

Business Listed By:
Tim Herrmann

Transworld Business Advisors of Bismarck

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Sponsoring Broker:
Fred Koenig

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