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BUSINESS FOR SALE - PROFILE #  ABB005-225

MOTEL - 24 Room - Owner Fin. $80K Down
Central Illinois

Asking Price: $300,000   Down Payment: $300,000  
Gross Revenue: $100,000   Adj. Cash Flow*: $100,000  
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Executive Summary
This 24 room motel on one acre of land is just 75 minutes south of Bolingbrook, IL. With $100,000 in sales, this place is a great deal. There is a two bedroom living quarters with a kitchen and bath. There is a room near the office that could be a third bedroom. That room is large and could also be a manager's living quarters because it has a full bath. It is located on a busy state route. The real estate taxes are only $4200 a year and the other expenses are not bad. The rates average about $34.00 a day, $145-190 a week, and $550 to $750 a month. Right now only five rooms are doubles. The owner will finance for $80,000 cash down. There is some work to be done, but most are just minor items such as painting. This owner has owned since year 2000. The owner's family has relocated to Florida and he wants to move there too.

Acquisition Highlights

  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Inventory:
Furniture, Fixtures & Equipment:
Real Estate:
    Total Assets Included in Sale:
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Jeff Highfill
Phone:  (309) 679-1560
Fax:  (309) 679-1562
Other:  (309) 208-9414
E-mail:  Jeff@AmericanBusinessBrokers.com
American Business Brokers - Peoria, IL
300 E. War Memorial Dr. Suite 306
Peoria, 61614
www.americanbusinessbrokers.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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