Gateway Business Brokers has determined the owner/seller has met our qualification standards of being an established, profitable, bankable business. This is the starting point of our SCS system that has proven to deliver results 3x or more industry standards and helps those we work with experience our mission of receiving the highest customer satisfaction ratings in North America. To obtain a thorough overview of this business, hit the CONTACT SELLER button. Once completed, you will receive an automated email from our system that will provide you with a link to complete a Non-Disclosure Agreement (NDA).
Description
Amidst a thriving community, this 45-year old popular waterfront motel has 49 rooms (6 of which are kitchenettes). Renovations were made in the year 2022, updated the roofing, carpets, floorings, fixtures, and many more.
This property is not just a business; it's a gateway to a lifestyle that many yearn for but few achieve. With its prime location, this motel stands as a beacon for travelers seeking solace, adventure, and unforgettable memories.
The sale is structured as an Asset Sale. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.
Financial Information
Revenue:
2023: $1,065,000
2022: $775,000
Net Operating Income:
2023: $380,000
Real Estate
Located on 1 Acre of land, the property is well-maintained and has undergone renovations in 2022.
For more information on this listing, please complete our Non-Disclosure Agreement
Complete NDA for Full Overview
