Motel with Weekly Rentals

Florida (Manatee)

  • Asking Price: $1,100,000
  • Gross Income: $153,140
  • Cash Flow: $99,376
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $7,800
  • Listing ID: #206734
  • Established: 2016
  • Employees:

Business Description

Completely remodeled 16 room motel/weekly rental facility projected to be 100% occupied by June 1st of this year. Building has been completely remodeled with proper permits. Fire sprinkler system added, 3 new tankless hot water heaters added, inside construction is 100% new as well as most windows have already been replaced. Located in Manatee County with a Sarasota address. This is a free standing building with 5078 square feet and the real estate is included. Current CAP Rate is 9% but can easily be increased to 10% by increasing the under market rental rates. Lender Pre-Qualified! Please refer to listing #3353101927 and ask for Joe Nicolini when inquiring. Thank You!

Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: Florida
County: Manatee

Company Information

Year Established: 2016
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $1,100,000
Gross Revenue: $153,140
Cash Flow: $99,376
FF&E: $7,800
Seller Financing Available: No

Property Information

Reason for selling:

Out of state owner

Support & Training:

Two weeks of training at no cost

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Joseph Nicolini

Transworld Business Brokers of Central Florida