Business Summary

Asking Price: $450,000
Gross Income: $500,000
Cash Flow: $290,000
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Real Estate: N/A
Established: 2007
Employees: N/A

Business Description
Motel business for sale located on East End of Long Island. Located in prestigious a busy Hamptons town, this motel is located in the heart of popular resort, beach and vacation area. Motel has 16 well-appointed rooms, a 3 bedroom cottage for rental and a 3 bedroom home currently used by owner. Sale is for motel business only. Long term lease with 12 years left and option to renew. Current owner has other business commitments out of state and cannot continue to run business. Sales reaching 500k with high profits and low overhead. All financials are fully verifiable with excellent records. This is a great opportunity for an owner/operator to live rent free while operating a successful motel/cottage business in one of the "hottest" areas of Long Island. Will not last at this price!

Historical Summary: Motel is for lease. 50,000 security deposit due to landlord upon lease transfer. Lease good until 2024 with option for renewal.

Detailed Information
Facilities: Free Standing Building Prestigious Resort Area East End of Long Island Motel/Hotel
Growth & Expansion: Owner operator could live on property and reduce payroll. Currently run absentee.
Support & Training: 2 weeks
Reason for Selling: Relocating

Property Details