499000.00 $ 80% Remodeled Motel In York County Nebraska Barling

Published date: January 26, 2017
  • Location: Barling, Arkansas, United States

80% Remodeled Motel In York County Nebraska


⭕ Asking Price: $499,000
Estimated Gross Income: $175,678
Estimated Cash Flow: $61,487
EBITDA: N/A
FF&E: $216,960
Inventory: $20,000
Real Estate: $190,600
Established: 1955
Employees: Owner Operated

This is a great business for those looking to move to York Nebraska or for a Motel owner looking to expand their business!

Overview:
This motels business is long term and it is setup for long term stays with most of the rooms being suites with kitchenettes. It runs at no vacancy for most of the year as well, built in 1955 the current owner has taken pains to remodel each room in the motel as well as update the electrical and most other concerns with the building since purchasing it several years ago. Cash flow is estimated based upon industry standards as the current owners own several other businesss which makes conducting a standard valuation using the numbers on tax returns impossible for just this one business.

Market:
This motel has 11 competitors in York county

Potential:
With nearly 2 acres of land this motel has plenty of room in which to expand or add additional businesss to what is a busy area of York County. Since most of its business is long term it also offers a unique ability to reduce prices over its competitors in the area while maintaining the same clean environment and services of its competitors.

Why Buy This Business:
This business not only comes with a long history at its location and a good reputation but also has other revenue generating services onsite (please fill out an NDA to know more about these services). The motel comes with a large apartment conversion for the owner or manager to live in with 2 bedrooms, living room, kitchen, and 2 restrooms.

Current Owners Reason for Selling:
The current owners are looking to move on from running a motel after starting another business in the area and would like to sell it as soon as possible so they can focus on this other business. Since it is owner operated they spend all of their time on this business rather than on the new business which is causing issues.

Contact Information:
If you are interested in this business please fill out our standard non-disclosure agreement at http://www.nocoastbusinessadvisers.com/nda-form and we will get in touch with you asap.


Phone number ✆ +1 501-613-3572


Barling, Arkansas

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