Business Description

This business listing features a motel and restaurant property that was built in 1978 and has been owned for three years. Recent renovations include a new roof, washer/dryer, metal bedding, and updated bathrooms. The owner has concentrated on marketing efforts to secure contracts with local workers. The property also includes an option to purchase the real estate. Operational details indicate a full staff cost ranging from $12,000 to $15,000 per month. The seller financing terms include a down payment of 20-45%, with 6-7% interest, a 5-year balloon payment, and a 25-30 year amortization schedule. Interested parties must sign a confidentiality agreement to receive the exact location of the property. The business provides both accommodation and dining services and presents a potential opportunity for a buyer looking to invest in a property with recent updates and established contracts with local workers.