not disclosed Idaho Business for Sale
Independent Economy Motel |
| not disclosed, Idaho |
This budget motel is conveniently located near Idaho & Wyoming’s scenic national parks. It has 18 rooms and 2 manager/owner apartments. The owners live in one apartment consisting of 2 bedrooms and 1 ½ baths. It also has a full basement which is used for personal storage. The manager’s apartment is a large 1 bedroom, 1 bath unit. An owner/operator could easily convert the manager’s unit to a rentable room making a total of 19 available units. The gross sales reflect that addition.
Guest services include free wireless internet, free local phone calls and local cable TV. Each room has a fridge, microwave oven and coffee maker.
The advertising includes ads in the Room Savers Coupon Books, local phone book and freeway exit signs. They have an outdated website that can easily be updated and improved.
The sellers have owned the property for over 10 years and have made significant improvements including new carpet, paint, beds, TVs, fridges and microwave ovens. The electrical has been updated to include electronic door locks. New windows have been installed on 75% of the rooms and a new metal roof was recently installed.
The stated income includes the net adjusted profit and $1,500 per month ($18,000 annual rent and utilities) for the value of living on the premises. They enjoy several long term guests who pay weekly rates and they have kept their room rates low to attract winter guests. These prices should probably be increased. SBA financing is possible to a qualified buyer with 10% down.
The owners are burned out and want to move out of the area. This is a good opportunity to someone to own a profitable motel, live on-site and have their major living expenses covered.
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Financials |
| Price: $350,000 |
| Gross Income: $141,916 |
| Cash Flow: $56,442 |
| FFE: $14,065 |
| Inventory: $2,000 |
| Real Estate Value: $350,000 |
| Source Data: |
About the Business |
| Listing ID: #176 |
| Year Established: 1960 |
| Financing: eligible for SBA financing |
| Training: as needed |
| Facilities: approx. 0.78 acres |
| Competition: |
| Growth: |
|
| Business Listed By |
| Name: Coldwell Banker Mergers & Acquisitions |
| Company: Coldwell Banker Mergers & Acquisitions |
| Phone: 801-947-8383 |
|
| The information in this listing has been provided by the business seller
or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information. |
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---Completely Confidential |
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