Business for Sale

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Business for Sale Summary [Non-Confidential]

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Suffolk County, NY

Business Type: seller financing available,special situations,absentee business,business with property available,services businesses,hotel/motel & other lodging

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Non-Confidencial Financial Infomation

  • Asking Price

    $500,000.00

  • Gross Revenues

    $48,000.00

  • Financing

    $ 250,000.00 Down and seller to hold 250,000 note for 30 yrs 6%

  • Owner's Cash Flow

    $29,500.00

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Business Description

FIVE Unit Motel with Property on Main Road set on 90 x 200 lot (adjoining 1 acre lot also for sale separately for additional units or private home). Absentee owned. In business for over 20 years, never a vacancy. Guaranteed income. Real estate taxes only $9,000. Long term rentals...weekly, monthly, yearly. Could be transitioned into standard motel model. Investment property. Property is available through PMTG Realty. Contact broker today!

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