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Motel Businesses For Sale & Wanted To Buy Postings

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For Sale: Motel - Newly Renovated, 23 Rooms In Ridgecrest, Kern County Area, California
Contact: Harry Patel: 562-402-2686, 562-230-1193
Status: Active  Posting #: 266690  Refreshed: 9/23/2021
Asking Price: $225,000  Down Payment: $225,000  Annual SDC: $74,000  Annual Gross: $140,000
Attributes: Broker-Broker Coop, Semi Absentee Run, Training And Support
Great Opportunity for 1st time Business Buyer with only $225,000. Newly renovated 23 rooms independent property on Chana Lake Blvd. close to China Lake Navel Air Weapons Station, Death Valley Tourist Center, Kerr McGee Community Center, Desert Empire Fairgrounds & China Lake Golf Course.
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For Sale: Motel - With Real Estate, Semi Absentee Run In San Bernardino County, California
Contact: Douglas Kim: 213-427-8949, 213-427-8949
Status: In Contract  Posting #: 268515  Refreshed: 9/15/2021
Asking Price: $2,500,000  Down Payment: $750,000+  Annual SDC: $350,000  Annual Gross: $637,000
Attributes: Semi Absentee Run, Absentee Run, With Real Estate, Training And Support
An income producing 21-unit 2-story motel in a quiet area but a prime location for tourists and business accounts. Managers are in place -can be absentee owner. An ideal business opportunity for an investor or owner run. Airbnb was started in the middle of 2019, and its revenue has been increasing. In 2020, gross revenue - $637,000, net income - $350,000. Asking Price is $2,500,000 - CAP rate 14%. 60,000 sq. ft. lot. CAP rate is 14% based on 2020 net income. ADR is $118.
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