This is a small, family run 20 room motel generated $128/per room per day for 2018. The income is currently running approximately 4.8% higher for the first half of 2019. The property was remodeled in 2017 which brought the income up from $94/per day in 2017. This is a highly profitable, turn key business, which includes a current tobacco license as well as a beer/wine license (can be transferred to new owners). Also included is a new, remodeled laundry room onsite, and an owner's suite. The owner's suite (approximately 2,285 sf) consists of two kitchens, large family room, 3 bedrooms and 2 full bathrooms. The motel generated close to $32,000 in additional income in 2018 from providing beer, wine, tobacco and misc. items. The motel has been run as a short stay motel (typically 2 hour rentals) for 40 years. The current owners have spent the last 2 years remodeling and upgrading the property. There is current no know deferred maintenance on the property. The business is easy to learn. It typically takes a couple of hours to train new management. The current owner has completed manual detailing all aspects of running the business. Current operational hours are 9 am to 12 pm. There are no over night guests. The management of the property runs a super clean, efficient and profitable business.
Listing courtesy of NEXTHOME NEIGHBORHOOD REALTY.
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