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Motel For Sale - Modesto, California

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Profile: 60 Rooms Motel For Lease.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Faisal Gangji, Agent
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| Primary Phone: |
510-304-1568 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
9/30/09 |
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| Date Last Revised: |
9/30/09 |
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| BizBen Ad #: |
131471 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$650,000 |
| Down Payment: |
$300,000 |
| Annual Revenue: |
$500,000 |
| Annual Adjusted Net: |
Call/Email |
| Price Range: |
$500,001 to $1 Million |
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| Franchise: |
Yes |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Address Would Be Given After Receiving A Signed Copy Of The Attached Nda. Please Download The Attached Nda, Fill, Sign And Fax It To The Number On The Add. Make Sure Your E-Mail Address Is Clearly Written And There Is A Phone Number So I Can Call And Talk To The Person Faxing It.
Motel For Lease 20 Year Lease Possible 650,000 Price 10,000 Rent Per Month All Units Upgraded Recently Great Location Franchised Few Months Back
Also Has An Option To Purchase (Purchase Option Includes Restaurant And Bar)
After Franchise His Income Is Around 50,000 Per Month Without The 6,000 From The Rental.
Below Is Some Gross Monthly Income For The Motel. The Motel Has 59 Rooms. Buyer Took Over On March 12th 2007 And Started Doing Major Upgrades. Revenue:
1.) October Sales Were Approximately 50,000
This Place Was Neglected For Last 20 Years And Was A Home For Homeless People Who Stayed 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.) 35 Brand New Ac’s
10.) New Valence & Curtains
11.) Microwave & Refrigerators
12.) High Speed Wireless Internet
13.) New Linen
14.) Website Development
15.) Google Marketing.
Lease Negosiable. Lease Option To Purchase (Possible)
Email Me At Faisal_gangji2000@yahoo.Com Call Faisal For More Information At 510 304 1568 Mobile.
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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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