Motel

Reference Code 0527

This is a great opportunity to own a nice, independent, starter Motel with 9 rooms plus a owners/manager suite in the Downriver area. Located on a highly traveled road with great visibility, this property is situated on approximately 2.5 acres with plenty of additional land to install a pool, add a parklike setting or additional rooms. There is a separate garage/storage building on the property used for storage and equipment. All rooms have a queen size bed, sitting area with microwave, mini fridge and bathroom. Low-maintenance Motel with lots of potential for a starter property or family run business. Seller will train on operations and entertain all reasonable offers. Turn-key operation only needing a new owner/operator!

Business Location Downriver Area, MI
Gross Sales $144,000 Cash Flow $90,000+ Business Price $489,000 Down Payment $150,000 Monthly Payment $3,239.66 Interest Rate / Amortization 8% int., amortized over 180 months, balloon due in 120 months License Required Sales Employees Part Time 1 Hours of Operation 24/7 Real Estate Included in Business Price Reason for Sale Other Business Opportunities


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