www.traddcommercial.com
Phone: 843-655-9626
National Franchise Hotel with great cash flow
- Listing Id: 5688
- Broker Name: Jim Bunting
- Category: Hotels and Motels
- Asking Price: $2,100,000.00
- EBITDA: $473,000.00
- Real Estate: $2,200,000.00
- Cash Flow: $280,000.00
- Inventory: $1,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $750,000.00
- FF&E: $200,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Myrtle Beach
- State: SC
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
This national chain motel has just been remodeled so there is no punch list. It is located on I-95, the main route from Florida north. It was recently appraised at $2.2 MM. Seller has several other businesses and this is his only motel. Therefore he wants to concentrate on them and is willing to let the hotel go for far less than he paid fro it. He is very motivated and says make an offer. He is totally absentee. I hands on operator can easily make $300K a year. Owner will consider financing. Take advantage of the increase in travel this summer due to low gas prices.
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