Profile: 60 Units Motel (Just Franchised).
|
Ad/Listing Information
|
Contact Information |
 |
|
|
| Seller Or Contact: |
Faisal Gangji, Agent
|
|
| Primary Phone: |
510-304-1568 |
|
| Alternate Phone: |
None Given |
|
| DRE Number: |
None Given |
|
| Email Address: |
Email This Advertiser |
|
| Date Started: |
10/14/09 |
|
| Date Last Revised: |
10/14/09 |
|
| BizBen Ad #: |
108769 |
|
| Financial Information |
Detailed Information |
|
| Asking Price: |
$3,400,000 |
| Down Payment: |
$1,500,000 |
| Annual Revenue: |
Call/Email |
| Annual Adjusted Net: |
Call/Email |
| Price Range: |
Over $2 Million |
|
| Franchise: |
Yes |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
No |
|
|
|
Description:
|
After Franchise His Income Is Around 30,000 Per Month Without The 6,000 From The Rental.
Below Is Some Gross Monthly Income For The Motel. The Motel Has 59 Rooms We Took Over On March 12th 2007 And Started Doing Major Upgrades And Almost 2/3 Of The Motel Rooms Were Down For Last 5 Months.
Revenue:
1.) March 12th – 31st 12,500
2.) April 13,400
3.) May 15,500
4.) June 14,941
5.) July 16,919
6.) August 22,575 (We Got Franchised On July 31st)
7.) September Already Over 25,000
This Place Was Neglected For Last 20 Years And Was A Home For Homeless People Who Stayed Here For 600 Per Month. Here Are The Following Upgrades We Have Done To The Property
Upgrades Over 350K
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.) Parking Lot Repaved
5.) New Lobby
6.) Breakfast Table Setup
7.) New Electronic Locks
8.) New Sign Of Rodeway Inn
9.) 25 Brand New Ac’s I'm In The Process Of Acquiring About 10 More
10.) New Valence & Curtains
11.) Microwave & Refrigerators
12.) High Speed Wireless Internet
13.) New Linen
14.) Website Development
15.) Google Marketing.
Faisal Gangji
Insignia Real Estate Brokers
4510 Peralta Blvd #25
Fremont Ca 94536
510-304-1568 Mobile
510-280-9338 Fax
Dre # 01237751
Faisal.Gangji@gmail.Com
Faisal_gangji2000@yahoo.Com.
|
For More Info Call: (Please Mention You Saw This Ad On BizBen):
Faisal Gangji, Agent at 510-304-1568 Non Disclosure Agreement |
See All Our Other Businesses For Sale We Have Available
|
|
