Business Description

This motel property boasts strong financial performance with yearly net sales exceeding $250,000 and a net profit exceeding $168,000 annually after all expenses. The property features 48 rentable rooms on a 1.29-acre lot with a 22,000+ square foot building. Potential exists to increase revenue by adding meal offerings and services, enhancing the occupancy rate, and serving the high volume of daily traffic passing by the property. Strategically located off I-12 and Hwy-61 interchange near an amusement park, universities, and major apartment complexes, the motel presents a valuable business opportunity in a high-traffic area. The property offers significant potential for growth, with features like a manager's suite, large rooms suitable for adding kitchenettes, and a porte cochère for guest convenience. The seller has owned the property for 5 years and is offering it for $1,599,000 or through a lease-purchase option with a 20% down payment and inventory. With proximity to