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Independent Budget Motel

This budget motel is conveniently located near Idaho & Wyoming's scenic national parks. It has 18 rooms and 2 manager/owner apartments. The owners live in one apartment consisting of 2 bedrooms and 1 ½ baths. It also has a full basement which is used for personal storage. The manager's apartment is a large 1 bedroom, 1 bath unit. An owner/operator could easily convert the manager's unit to a rentable room making a total of 19 available units. The gross sales reflect that addition.

Guest services include free wireless internet, free local phone calls and local cable TV. Each room has a fridge, microwave oven and coffee maker. The advertising includes ads in the Room Savers Coupon Books, local phone book and freeway exit signs. They have an outdated website that can easily be updated and improved.

The sellers have owned the property for over 10 years and have made significant improvements including new carpet, paint, beds, TVs, fridges and microwave ovens. The electrical has been updated to include electronic door locks. New windows have been installed on 75% of the rooms and a new metal roof was recently installed.

The stated income includes the net adjusted profit and $1,500 per month ($18,000 annual rent and utilities) for the value of living on the premises. They enjoy several long term guests who pay weekly rates and they have kept their room rates low to attract winter guests. These prices should probably be increased. SBA financing is possible to a qualified buyer with 10% down. Seller is willing to carry $35,000-52,500 for a qualified buyer.

The owners are burned out and want to move out of the area. This is a good opportunity to someone to own a profitable motel, live on-site and have their major living expenses covered.

AGENT: Scott Sceili

 
List Price:
$350,000

Location:
Idaho

Gross Revenue: $141,916

Adjusted Net Income: $56,442

FF&E: $14,065

Inventory: $2,000

Real Estate: Included

Reason for sale: Pursue other interests

   

   

Sandcreek RV Park & Campground

Located just 10 miles from Capitol Reef National Park, the 5-acre RV Park offers 12 full RV hook-ups, with 30 and 50 amp service, shaded tent sites with plenty of grass and rustic cabins. Clean and neat restrooms, laundry and shower facilities complement the site.

Sandcreek RV Park is the closest RV Park to the Great Western Trail on Thousand Lake Mountain. The access trail is less than a quarter mile away, without riding on Highway 24. Thousand Lake Mountain has marked trails everywhere. This is perfect for ATV’s, motorcycles, mountain bikes, horses and hikers. This location is convenient for everyone.

Also on the premises is a beautiful labyrinth, horse shoe pits and a covered pavilion for family reunions and picnics, etc There are two large group areas for tents as well as private areas for tents. Picnic tables and fire pits are also spread throughout the campground. The log cabins are clean and linens are provided. Each cabin has a double bed.

A 1.5 acre fenced area is for horses is separated into 3 sections with plenty of fresh water. There is also a round corral. There is also an office/retail building that includes a 2 bedroom/1 bath apartment.

AGENT: Garit Lawson

 
List Price:
$475,000

Location:
Torrey, UT

Gross Revenue: $81,576

Adjusted Net Income: $71,216

FF&E: TBD

Inventory: NA

Real Estate:Incl.; valued at $350K

Reason for sale: Pursue other interests

   

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