ARIES BUSINESS GROUP
Phone: 848-391-7877
Price Reduced_Franchised Motel_Newly Renovated_Owner Retiring !
- Listing Id: 0937
- Broker Name: Vinny Mahajan
- Category: Hotels and Motels
- Asking Price: $999,999.00
- EBITDA: $49,023.00
- Real Estate: $1,000,000.00
- Cash Flow: $60,000.00
- Inventory: $1,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $125,000.00
- FF&E: $300,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Absecon
- State: NJ
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Price Reduced from $1.3 Mill to $999,999 -- Must see Property !Newly renovated franchise motel, 26 large size rooms with King beds, double queen, suites and Jacuzzi combination. Updated rooms and new heating, hot water, water filtration utility equipment etc etc. Separate manager's 3 bedroom apartment on premises. Property located on 5 acres plus lot. Beautiful view to Atlantic city Casino hotels skyline. 5 minutes drive to all major casinos and boardwalk.Ideal for first time buyers or existing owner looking to expand or builder / developer. Owner retiring and will partially finance for qualified buyers.
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