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MOTEL

Seller: Not Available
Location: Camden County, NJ, USA
Listing Number: "3607"


Asking Price: $5,750,000 USD USA Dollars
Industry: Services: Hotel, Motel, Lodging
Reason for Selling: Retirement
Year Established: 1969
Number of Employees: 10
Yearly Revenue: $1,150,000
Yearly Cash Flow: $660,000
Yearly EBITDA: $NA
Yearly Gross Income: $NA

Overview of the Business:

Great location in South Jersey on a major highway. 100 rooms. Restaurant with liquor license and banquet room leased on a long-term basis. Continental breakfast provided. Prestigious area close to Philadelphia. Approximately 4 acres of ground. An experienced owner/operator can add to existing facilities. Public water and sewer. Can bring a national franchise chain or a sports bar - the present lease can be bought out. Very low royalties - fixed payments of only $2,000 per month. Franchise lease is year to year. Room rates (ADR) : $55 on weekdays and $65 on weekends. 65% occupancy rate.


Property Features and Assets:

3.98 acres on major highway. About 15 minutes across bridge from downtown Philadelphia


Additional Details:


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