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30-Unit Motel With Property - $2500000 (Wildwood/NJ)


Reply to: sale-672322230@craigslist.org
Date: 2008-05-07, 10:05PM EDT


Listing Profile - Jersey Shore Motel

General Information

Location: Jersey Shore, Wildwood, New Jersey
Business #: JE7307PST Sal 631-833-6864 *BROKER
Year Established: 1957
Reason Selling: owner has other ideas
Growth/Expansion: Build more rooms and add a in house Restaurant as this motel is always fully booked.

Business Summary

... A fabulous opportunity to purchase a turnkey breathtaking 30 unit Motel operation, real estate included. This property is located only a half a block from the most beautiful world famous sandy beach. Major attraction in the area right by one of the most famous parks. Seller has been owner/operator all along. Income growth potential for new enthusiastic owners. Low maintenance and operating cost. Operated continuously since 1950's. Well maintained also Daily Maid Service, Heated Swimming Pool, Cable TV, Refrigerator / Microwave in all rooms, Gas Grill, Ice Machine, Laundry Room and Free Parking! This is an All Cash Deal. No owner financing.

Financial Information

Price:$ 2,500,000
Cash Flow: TBD
Gross: TBD
Assets:
FF & E: .

Inv. Incl.: Yes
Financing: Yes
Financing Terms: For the right qulified buyer


Monthly Expenses
Real Estate Tax 2,666
Water 166
Sewer 750
Electricity 1,000
Maintenace 1,666
Payroll 4,000

Confidential Information

Company Name: Jersey Shore Motel. New Jersey

.

Facilities: Just half a block from the water! 30 Units on a 150x100 property.

Support & Training: YES

Debts Outstanding: Yes
Please call Sal 631 833 6864 Broker



PostingID: 672322230



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