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Businesses for Sale: Listing Details

 
3609 - MOTEL
Seller: Not Available
Location: Dauphin County, PA, USA
Listing Number: "3609"


Asking Price: $2,800,000 USD USA Dollars
Industry: Services: Hotel, Motel, Lodging
Reason for Selling: Buying a larger motel
Year Established: 1995
Number of Employees: 4
Yearly Revenue: $528,000
Yearly Cash Flow: $250,000

Overview:
Dauphin County, PA. 42 unit motel, a well known franchise, located at the exit of a major interstate hwy. Traffic count at this junction is approx. 70.000 cars & trucks per day. Amenities include free high speed internet, gym & fitness center, free continental breakfast, HBO. & cable, at the business center there is copy machine, computer w/high speed internet, fax service etc. Each room has 27" flat screen TV, coffee maker, hair dryer, iron & ironing board & work desk etc. Twenty one (21) rooms have one (1) queen size bed, and remaining twenty one(21) rooms have two double beds. Motel has one bed room living quarters. Average occupancy for the year is approx. 60% and A.D.R. rate is approx. $57. In last 2 years many improvements made. Punch list (pip) will be small from the franchisor. Property in excellent condition. One parcel of land included in the price. Motel built on 10 acres of land with addn'l 40 rooms approval, and rest of land can be used for warehouse, etc. 2nd parcel (1.2 acres) which is very desirable for a franchise restaurant, or other commercial use that is NOT INCLUDED IN PURCHASE PRICE, but available for sale.

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