Business To Buy
Great Small-town Motel Near Major Attractions |
Hermitage, Missouri |
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! |
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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 |
About the Business |
Office Reference 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. |
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Business Listed By |
Name: Roy Huffman |
Company: First National Business Corporation |
Phone: (866) 800-0990 |
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The information in this listing has been provided by the business seller
or representative stated above. BusinessToBuy.Net 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. |
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