Warren County Motel
Warren County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $1,100,000 |
$265,000 |
$177,360 |
Furniture and Fixtures Value:
$95,000 (included in the asking price)
Inventory Value:
$10,000 (included in the asking price)
Real Estate:
$900,000 (included in the asking price)
Business Summary:
Perfect income for retired couple- 20 room Motel with consistent occupancy rate every year (70 to 75%) can purchase this motel located on state highway for only 250k down selling price is $1,100,00 million. Room break down 8 queen/$65- 12 DBL/ $71 all rooms have microwave, refrigerator, coffee maker, cable TV and own climate control plus roomy bath. Situated over 6 miles away from nearest Motel, as this Motel receives its occupants from near by townships. Plenty of room to increase size of Motel (set on 2 manicured acres). Rear has picnic area and large green lawn, Occupancy is constant and does not have advertising budget. Motel tied in with Warren County and State of NJ through social service programs (payments with in 10 days) Motel does own laundry and all expenses are kept low. (105 staff hours) located just south of major township on state highway. Motel does great deal of repeat family business with returning guest coming back annually. Restaurant nearby- Motel has vending and security cameras. Very attractive building will last well over 100 years.
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| Year
Business was Established: 1968 |
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| Number of Employees:
3 |
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| Facilities / Terms of Lease:
20 room stone constructed Motel, parking for 50 cars. Set on over 2 acres rear of Motel has picnic area and extended green lawn. This building will last over 100 years solidly built. |
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| Potential
Growth/Expansion:
Plenty of room to build expanded motel- not even one half of 2 Acre plot set aside for present Motel. |
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| Owner
willing to finance:
Owner will finance $850,000 terms and length of payout negotiable. |
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| Reason for selling:
Partners disagreement |
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| REQUEST MORE INFO |
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