Motel And Restaurant With Property Included!
Not Disclosed, NY Not Disclosed
Upstate New York
Asking Price:
$995,000
Annual Revenue:
$1,075,805
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- RE: Motel And Restaurant With Property Included!
- Contact: Daz Connell
Quick Facts
| Asking Price: | $995,000 | |
| Annual Revenue: | $1,075,805 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $164,324 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $150,000 | |
| Real Estate: | $319,310 | |
| Year Established: | 1933 | |
| Employees: | 21 | |
| BBN Listing #: | 11584955 | |
| Broker Reference #: | 3402-16437 |
Business Overview:
Fine Casual Dining Restaurant with a 25-room inn. Seats up to 200 guests. Location also has a banquet hall that is rented frequently. The restaurant boasts an extensive menu that is popular with both locals and tourists.The rooms have all been remodeled over the years and have many amenities. This is a great opportunity to run your own Inn and restaurant in a beautiful idyllic community.
Also perfect for an experienced hospitality group looking for a turnkey operation. Reach out now for more information!
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Property Features and Assets:
The real estate is included in the price goes with the business. Includes 1.27 acres of property with motel and restaurant/bar on a busy state road. Lots of visibility. Total square footage is 18,355 for the buildings. Assets = $499,898
Market Competition and Expansion:
No competition in the immediate area. An experienced hospitality group can expand the business further and take advantage of goodwill the business already has developed over the years. Great investment for Buyer who wants steady cash flow.Reason for Selling:
Owner is retiring after 40 successful years.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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