This is a two story motel in Atlantic County located on a busy road with a very easy commute into Atlantic City. The seller has invested money into building modification only two years ago and so the building is in very good conditioned and is a well maintained and clean business. This is a beautiful building with 20+ parking spaces with easy accessibility and the business is surrounded by many other smaller businesses. The motel offers 28 rooms and has an apartment for a manager which is also available. The cash flow noted is for an owner/operator working 50 hrs. per week taking NO salary; before debt service. | |
Geography: | State:New Jersey County: |
Asking Price: | $1,000,000 |
Cash Flow: | $92,000 |
Down Payment: | $300,000 |
Franchise: | - |
Reason for Selling: | Brought Other Motel far from here |
Re Inc.: | Yes |