Rapid City, SD - Franchise Hotel

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Seller:Corey Stender

Location:Rapid City

Listing Num:67917844

Industry:Services: Hotel, Motel, Lodging

Asking Price:$3,500,000

Year Est.:1980

Employees:Not Disclosed

Yearly Revenue:$1,150,000

Yearly Cash Flow:Not Disclosed

Yearly EBITDA:$NA

Yearly Net Profit:$400,000

Yearly Gross Income:$NA

Monthly Payroll:Not Disclosed

Total Debt:Not Disclosed

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Reason for Selling:

bigger property

Overview of the Business:

This hotel property has undergone recent major improvements including but not limited to: new elevator, lobby and breakfast areas, sprinkler system, beds, drapes, carpets, bed spreads, some flat screen TV's and more.

Property Features and Assets:

The property was built in 1980 but has concrete construction and steel siding, so its solid and modern looking. Has great highway visibility, and great condition in and out.

Market Competition and Expansion:

Rapid City is a highly tourism driven market, the property does nearly 100% occupancy all summer long.