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Central Illinois Motel Owner Financing For Sale

Businesses for Sale in Illinois, Hotels & Motels for sale

Business Id : BSM421

Location : Illinois > Douglas >

Category : Hotels & Motels >

Website Link : N/A

Business Detail

Asking Price :

$825,000

Sales revenue :

$240,000

Inventory :

Cash Flow :

Status of Business :

For Sale

Relocatable :

Yes

Business closed :

Yes

Home based :

Yes

Employees :

Year Established :

Summary :

This 54 room independent motel sits right on the Interstate. All rooms are entered from the interior, not the exterior. There have been tons of upgrades to this 26 year old motel. There are 36 rooms for daily customers and 18 for weekly rentals. In the last two years, the 36 rooms have had new carpet, new Memory Foam mattresses, lights, shades, bed linens, bathroom tiles, toilets, sinks, tubs, paint, and much more. This motel did $240,000 in revenue in 2008. The owner can make about $100,000 for himself. The price is negotiable and the owner is willing to finance. The owner's relative that is running the motel is not in good health.

Business Competition :

There is no competition in the area.
It is a very good opportunity.

Business Expansion :

No competition

Reasons for Selling :

Available upon Request.

Uploaded Documents:

Available upon Request.

Contact Information :