Profitable, Updated Motel in Iowa For Sale

IA

Profitable, Updated Motel in Iowa For Sale
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Asking Price: $275,000

Cash Flow: $56,191

Gross Revenue: $134,622

EBITDA: N/A

FF&E: $62,800

Inventory: N/A

Real Estate: $225,000

Established: 1965

Profitable, Updated Motel in Iowa For Sale

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Business Description

This is an excellent opportunity to own a very profitable motel located in Southeast Iowa. This county seat town sits right along a well-traveled highway. Located near a river, this area attracts visitors from all over for recreational activities.
Situated on 3 acres of land and built in the 1960’s, this updated motel has 20 guest rooms. There are additional living quarters for the owner and there is additional space to expand these living quarters adjacent to the current office and in the basement. A banquet room is available for guests to rent and have food catered in for special occasions.
The current owners have owned and operated the motel for the past 15 years and are wishing to retire. They are looking for qualified buyers who can continue to service the guests that they treat like family.
All furniture, fixtures and equipment and inventory as well as Real Estate is included in the price of this sale.
The sellers will provide a training and transition period to assist a new owner in order to assure a smooth transition.
For more information about this profitable motel for sale and to take advantage of this rare opportunity, please contact Cliff Avon at cliff.avon@sunbeltnetwork.com 563-940-7980

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
3 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Retirement
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Cliff Avon

Business Listed By:
Cliff Avon

Sunbelt Business Brokers of the Quad Cit

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Sponsoring Broker:
Milton Anderson, CBI

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