Motel For Sale - Modesto, California
Ad/Listing Information
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| Status: |
Off The Market |
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| Location: |
Central Valley |
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| County: |
Stanislaus |
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| City: |
Modesto |
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| Financial Information |
Detailed Information |
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| Price: |
$250,000 |
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| Down: |
$250,000 |
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| Revenue: |
$440,000 |
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| Adj. Net: |
Call |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Coop: |
Call |
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| Franchise: |
Yes |
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| For Sale By Owner: |
Yes |
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| Asset Sale: |
No |
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| Lifestyle: |
No |
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Description Of This Central Valley Motel Business For Sale:
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This Is A Franchised Motel And An Absentee Owner Operation, The Owner Works In The High-Tech Industry In The Silicon Valley. If Its Owner Operated The Motel Business Can Be Increased Substantially. Only Serious Buyers Contact Me And I Will Give You More Details.
There Are 2 Options To Buy This Motel
1. Lease Purchase 250,000 Just The Motel Sub-Lease 2. Motel Business With Real State 3,000,000 This Option Comes With A Cocktail Lounge & Car Stereo Shop Who's Aggregate Rent It 6,000+
Revenue:
1.) 2008 - 438,000 2.) 2009 - 315,000 (Ytd – September)
Expenses:
1.) Rent 19,500.00 2.) Payroll 5,832.00 (Includes Maintenance Guy) 3.) Insurance 1,100.00 (5 Mil Umbrella) 3.) Hotel Supplies 1,582.00 5.) Utilities 3,465.00 6.) Franchise Fee 2,100.00 7.) Misc 1,000.00
Upgrades Over 300K
1.) Everything Inside The Room Is Brand New I.E. Carpet, Furniture, 27’’ Tvs, New Shower Stalls, Paint, Fixtures, Pictures Etc. 2.) Outside Paint 3.) Pool Area Refinished 4.) New Pool Pump 5.) Parking Lot Repaved 6.) New Lobby 7.) Breakfast Table Setup 8.) New Electronic Locks 9.) New Sign Of Rodeway Inn 10.) 30 Brand New Ac’s I\'m In The Process Of Acquiring About 10 More 11.) New Valence & Curtains 12.) Microwave & Refrigerators In All Rooms 13.) High Speed Wireless Internet 14.) New Linen 15.) New Soda Vending Machines 16.) New Granite Vanity With Under Mount Sink & New Faucets.
Marketing
1.) Website Development Http://Www.Rodewayinn-Modesto.Com 2.) Google Marketing Done Independently. 3.) Major Contracts With Travel & Tour Companies Below For 2010 & 2011 Season A. Americantours International (Ati), Los Angeles: B. Go West Tours, San Francisco: C. Gullivers Travel Associates, Los Angeles D. American Ring Travel, Santa Clarita E. Fti F. New World Travel
4.) Aaa Approval In Progress (Application Filed In July) Once Approved We Expect To Increase The Occupancy By At Least 10% 5.) Ten Direct Bill Accounts Which Give Regular Business 6.) Partnership With Seasons Catering (Banquet Hall www.gotoseasons.com ) Across The Street To Do Combined Marketing And Selling Of Rooms With Banquet Facility And Vice Versa 7.) Participating In Various Other Regional Marketing Through Choice Hotels.
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Motel Business For Sale Photos
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Motel For Sale And Central Valley Region Related Links:
Central Valley Regional News & Tips For Buying And Selling Businesses
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Business Acquisition Financing Request Needs Accurate Cash Flow Earnings Explanation
What are the actual "provable" adjusted net earnings (cash flow) of a company being purchased and considered for business acquisition financing? Buyers will need to look carefully at tax returns and financial statements to determine the "real" adjusted net income or cash flow of the business being purchased - banks and financial institutions review these numbers carefully (and in many instances discount items that may be considered addbacks). If you are thinking of financing a business purchase you need to read this BizBen blog posting. |
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More Stanislaus County Information For Buying & Selling Stanislaus County Businesses
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Motel Business Opportunity For Sale, Modesto, California, CA | BizBen
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