Profile: Franchised Motel Just Off Fwy Location For Sale ( Seller's Financing Option).
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Taj Randhawa, Agent
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| Primary Phone: |
559-259-4247 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
01495361 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/15/09 |
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| Date Last Revised: |
10/29/09 |
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| BizBen Ad #: |
139227 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$3,990,000 |
| Down Payment: |
$500,000 |
| Annual Revenue: |
$950,000 |
| Annual Adjusted Net: |
Call |
| Price Range: |
Over $2 Million |
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| Franchise: |
Yes |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
Yes |
| Bkr To Bkr Coop: |
No |
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Description:
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Well Known Franchised, Established Motel, With 110 Rooms, Two Storey, With Over 5,000 Sqft Of Restaurant Build In , Full Size Bar , Two Meetings Rooms, Big Swimming Pool / Spa , Has Its Own New Laundromat Set Up , Fwy Location With 110 Rooms In A Huge Sprawling 9 Acres Of Prime Land , With Plenty Of Parking Spaces , Available For Sale With Seller's Financing Option !
At Present, 107 Rooms Are Fully Refurbished, Operationable Bringing An Average Of 950,000
Per Yrs In Sales Revenue. Occupancy Is Over 50% . Restaurant Has Approx. 80 Seats Capacity Room, Full Kitchen, Bar Set Up Is Not Operating. This Restaurant Can Be Opened Or Given On Lease To Fetch Extra Revenue.
Out Of 9 Acres, Seller Owns 5.7 Acres Fully And 3.3 Acres Are On 40 Yrs Long Lease. There Is An Open Land Roughly 3.75 Acres Owned By The Seller Are Lying Vacant As Open Land. This Open Land Has Alone Enough Scope Of Building Two Motels Or Storage Places With Easy On And Off Excess. This Open Land Has A Huge Potential As It Is C-6 Zone With Over 1.5 Million Of Land Value Alone.
A Qualified Buyer Should Come Up With At Least 500,000 Down Payment And Rest Seller Is Willing To Carry The Second On Easy Terms Conditions , Along With A Assumable/Transfer Loan Of 2.2 Million Existing Loan On The Property.
Motel Is Showing Good Cash Flow Return ! Please Sign The Nda First To Get More Information And Exact Address Location/Details/Financial ! Hard To Find Any Big Property/Motel Within California Asking 3 Times Of Gross Sales !
We Have Obtained The Information Above From Sources. We Believe To Be Reliable, However, We Have Not Verified Its Accuracy And Make No Guarantee, Warranty Or Representation About It. We Strongly Recommend Buyer Should Consult Their Tax And Legal Advisor To Conduct Their Own Inquiries & Satisfaction.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Taj Randhawa, Agent at 559-259-4247 |
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