Services - Hotels & Other Lodging

Asking Price	$6,500,000	Inventory
Gross Income	$1,460,000	Real Estate
Cash Flow	$785,000	Year Established	1999
FF&E	N/A	Employees	10

* included in the asking price

** not included in the asking price

Prestigious area close to Philadelphia. Approximately 4 acres of VERY VALUABLE LAND. Given its location, it receives the business of the on goers and professionals through a strong convention market, business meetings and concerts held in the city of Philadelphia. In addition, statewide boating competitions keep a high occupancy and high ADR during the summer months. The average daily room rate is $60. The occupancy rate is 62%. An experienced owner/operator can bring a national franchise chain or a sports bar or can continue with the current operator with a long lease. If the new owner wants to operate the restaurant and catering hall, then the present lease can be bought out. The other option is to continue with same name for fixed payments of only $2,000 per month.

Facilities: The property is a two story outdoor corridor facility with a full service restaurant and bar on-site as well as a banquet hall for up to 400 people. It consists of 3 buildings which include a 1)70 unit building, 2) banquet hall and 3)30 unit building and office. The facility also includes 4 acres of PRIME land with public water and sewer. All the Guest rooms are furnished with a Wireless Hi-Speed Internet Access, Microwave, Mini-Fridge, Coffeemaker, Cable TV with HBO/ESPN/CNN, Hairdryer, in-room Safe and Radio.

Competition: -Very low franchise cost and overhead expenses. -AMPLE parking

Growth/Expansion: The liquor license in this town costs between $1.5-2 million. With that in mind, the new owner can bring a first class restaurant franchise, thereby increasing rent revenue. Given the option, the new owner can build a brand new 5 story tower with a top name franchise.

Support/Training: Two weeks training

Reason Selling: Retirement