Services - Hotels & Other Lodging

$Seller Financing Available

Asking Price	$295,000	Inventory
Gross Income	$84,400	Real Estate
Cash Flow	$29,540	Year Established	1964
FF&E	$24,000*	Employees	2 maids Partime

* included in the asking price

** not included in the asking price

No stess low maintenance motel. The business is small and well suited for a "Mom and Pop" shop that provides a beautiful setting in a quiet little country town where the biggest news in town is who got the best Elk or Deer this year. It is not a backbreaking "clean and sweep" motel. Two part time maids are sufficient to keep the sheets changed and the floors vacuumed. The maids work also at the other motel in town so overhead can be mimimized. The motel has been upgraded to relieve the new owner of furniture and equipment costs. Telluride skiing is only an hour away.

Facilities: An over 2 acre ten unit motel with 2 apartments as well. All furnishings, fixtures and equipment new or in good condition. The primary market is exploration and drilling companies and hunters. This is arguably the best Elk and Deer hunting in the U.S. The motel itself ihas been renovated to include foundatioo upgrade, new paint, paved and sealed entrance and parking to eliminate dealing with mud year round. Maintenance expected to be negligible in years to come.

Competition: There are two motels in town. The other motel consists of 44 rooms and is more of a commercial setting. This motel is a smaller and more serene atmosphere. The manager of the other motel refers tenants to this motel especially during hunting season when there are no rooms available anywhere. Also there is clientele who always come to the Lodge Motel as a preference over the larger and louder more commercial competition.

Growth/Expansion: A good continental breakfast, coffee available at all times and a good customer service attitude. At present, the motel has room for growth as it stands. The motel has a potential of doing $500 per night with the ten motel rooms only. The tenant income is averages $200 per night without the usual things generally proviided to the tenants like morning snacks and coffee, etc. A customer service oriented owner could bring the motel rental rate up. The good thing about the motel is an owner-occupant can make a decent wage now with the potential.

Seller Financing Available: Yes

Financing: With 50% down, Seller will carry 5 years @7%;No prepay

Support/Training: Suppot training is minimal. Their is only one other motel in town who refers any overflow, always the case during hunting season. An operating motel for many years with many repeat tenants.

Reason Selling: The present owners are selling to pay mortgage on other holdings.