No photo available
Details - Information last confirmed on October 20, 2020
Great Investment in the high tourist area! Operating successfully for over 25 years this independently owned motel has boosted high ratings for clean rooms, friendly staff, and competitive room rates. Located in a high traffic area for great exposure the large 4 city block property maintains four standalone buildings, spacious parking accommodations, a garage, and a playground area. Owners living quarters reside on the same property supporting 5 bedrooms and 2 baths. All rooms have been completely renovated and furnished with modern amenities and appliances. No Major Capital Investment Right Away As This Motel Is Well Maintained! The business has been an ideal travel stay for years as families highly recommend the motel along with it being a preferred stopping point to several outdoor recreational spots in northwestern Wisconsin. With construction on the upraise in the area, this is a great time to invest as the more ambitious entrepreneur could easily increase revenues rapidly. The current occupancy rate for each room is typically over 300 nights per year. There are 20 rooms with further room to expand if desired. This is a must-see, turn-key operation as the owners are ready to retire. Assets will be included approximately $500 in average inventory, $61,000 in average equipment and fixtures, and the building and property are valued at $691,000. Call today to learn more about this “For Sale by Owner” portfolio #0273.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.