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Motel - Owner Financing $180k Down

Central Illinois, Illinois (Knox County)

Services - Hotels & Other Lodging

$Seller Financing Available

Asking Price $825,000 Inventory  
Gross Income $240,000 Real Estate  
Cash Flow Not Disclosed Year Established N/A
FF&E N/A Employees N/A

* included in the asking price

** not included in the asking price

***Owner Finance $120,000 down*** This 54 room independent motel sits right on the Interstate. All rooms are entered from the interior, not the exterior. There have been tons of upgrades to this 26 year old motel. There are 36 rooms for daily customers and 18 for weekly rentals. In the last two years, the 36 rooms have had new carpet, new Memory Foam mattresses, lights, shades, bed linens, bathroom tiles, toilets, sinks, tubs, paint, and much more. This motel did $240,000 in revenue in 2008. The owner can make about $100,000 for himself. The price is negotiable and the owner is willing to finance. The owner’s relative that is running the motel is not in good health.

Seller Financing Available: Yes

Business For Sale By

Jeff Highfill

217-347-5758

American Business Brokers

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