24 Unit Motel

The property operates from early May till late October (5 months)
Under a normal operating year, there were 10-12 staff hired,. An engaged husband and wife couple could easily replace 4-5 staff.
The property offers 24 rooms mostly with 2 doubles.
The dining room is a 50 seat dining room. Floor to ceiling windows offer very nice views.

The business was very steady in it's room revenues, generating $215k per year for the 2017, 2018, and 2019 seasons. The restaurant would average about $100k in sales.

SDE - Seller's Discretionary Earnings are the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. In addition, SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.

Situated on 5 acres of land, serviced with on-site septic and well water (easement required).
The property was built in the '69 and '75 (2 buildings). There have been a few updates and the property is always well maintained. Total Square Footage is approximately 10,000 sft.

Price
$539,00