$1,100,000

Great Small-town Motel Near Major Attractions

Missouri/Hermitage
for sale
Financials
  • Price: $1,100,000
  • Gross Income: $212,193
  • Cash Flow: $117,106
  • FFE: $90,000
  • Inventory: $2,000
  • Real Estate Value: $1,100,000
  • Source Data:
About the Business
  • Listing ID: #01-480
  • Year Established: 2008
  • Financing:
  • Training: Seller will provide all necessary training.
  • Facilities: Great location near major lake recreation area and race track location.
  • Competition:This is the only major motel in the area. There are a few other, smaller ones but nothing as nice as this one.
  • Growth: The property does have extra land so a new owner could expand the property in order to grow the number of rooms.
  • Employees:

Property Descriptions

Great small-town motel located near two major attractions. One attraction is a major lake and recreation area and the other is a well-known racetrack. Very clean and modern motel with 37 rooms and a manager quarters. Excellent cap rate averaging over ten (10) percent the last four years. A great investment opportunity or an excellent owner-operator scenario as well. Currently absentee-owned!

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.

Business Listed By

Roy Huffman 3315 E Ridgeview, Suite 2000, Missouri, Springfield
  • E-mail : bbj@fnbcusa.com
  • Web : https://www.fnbcusa.com
  • Phone : (866) 800-0990
  • Company : First National Business Corporation
  • Listings : 53
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