Profile: 59 Units Motel Business For Sale. Absentee Owner Operation.
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Ad/Listing Information
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| Financial Information |
Detailed Information |
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| Asking Price: |
$250,000 |
| Down Payment: |
$250,000 |
| Annual Revenue: |
$440,000 |
| Annual Adjusted Net: |
Call |
| Price Range: |
$100,001 to $250,000 |
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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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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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Business For Sale Photos
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