Services - Hotels & Other Lodging | Retail - Restaurants

Asking Price	$1,750,000	Inventory
Gross Income	$317,168	Real Estate
Cash Flow	$105,395	Year Established	1969
FF&E	included*	Employees	8

* included in the asking price

** not included in the asking price

Beautiful 39 room 3 story motel with pool located 2 blocks from beach in an upscale family oriented Ocean County shore town. Sale includes 14,000 SF building, 16,119 SF lot and parking for 39. Motel and restaurant are licensed for year round use. Owners currently only operate the motel during 12 week summer season. Building has been recently completetly renovated. Looks like new inside and out. Facilities include pool, wifi, coffee shop, cable TV with HBO and off street parking. Very family oriented hotel. Occupancy 89% in late July and August season. Property tax assessed for $2.4 million. Motel has 7 king rooms and 4 queen rooms making it possible for couples getaway weekends during off season.

Facilities: Motel and Restaurant is 14,039 SF Lot Size is 16,119 SF. Has parking for 39. Building is completely renovated.

Competition: Motel and Restaurant is located in a prime location, two blocks from the beach in a great Jersey Shore Resort with increasing year round residents.

Growth/Expansion: Motel /Restaurant can be operated year round. Currently owners operate the business as 12 week seasonal business. Growth Potential; motel is heated and can increase sales additional $275,000 weekly rentals in off seasons. Restaurant currently only serves breakfast which is included with rates. Can be operated as full service (including lunch dinner) or rented out. Option to charge for breakfast during summer & have restaurant open year round.

Support/Training: Two Weeks

Reason Selling: Other Interests