Huge Value Add Motel With Restaurant On The Property
Sarasota County, FL
| Asking Price: | $4,500,000 |
| Gross Revenue: | $1,400,000 |
| Cash Flow: | $360,343 |
Listing ID: 2281762Listing provided by BizBuySell
BUSINESS DESCRIPTION
HS Listing ID-63110
Built in 1978, owned for 3 years.
Motel and restaurant.
Option to buy property.
Recent renovations: new roof, washer/dryer, metal bedding, updated bathrooms.
Owner focuses on marketing, secures contracts with local workers.
Full staff cost: $12-15K/month.
Seller financing terms: 20-45% down, 6-7% interest, 5-year balloon, 25-30 year amortization.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION.
DETAILED INFORMATION
Location
Sarasota County, FL
Inventory
Included in asking price
Real Estate
Owned
Support & Training
Yes.
Reason for Selling
Other business interests.
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