Motel For Sale - Modesto, California      
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Motel For Sale - Modesto, California


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Related Types:  Miscellaneous Travel & Recreation Businesses For Sale | Hotel-Motel Businesses For Sale | Motels For Sale 


Profile: 60 Units Motel (Just Franchised).

Ad/Listing Information
Contact Information
Status: Available
State: California
Location: Central Valley
Area: Central Valley Area
County: Stanislaus
City: Modesto
Primary Category:   Hotels, Motels, etc.
   
Seller Or Contact:  Faisal Gangji, Agent
Primary Phone:  510-304-1568
Alternate Phone:  None Given
Email Address:  Email This Advertiser
Date Started:  8/5/08
Date Last Revised:   8/5/08
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.

Call Assistant Andrea At 510-943-8598.
Or Email Me At Faisal_gangji2000@yahoo.Com
Faisal For More Information At 510 304 1568 Mobile.

For More Info Call:  (Please Mention You Saw This Ad On BizBen):

Faisal Gangji, Agent at 510-304-1568     Non Disclosure Agreement



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