Motel/Resort Property
Location: Wisconsin > Kewaunee County > Algoma
Industry: Entertainment and Leisure > Hotels and Motels
Financials
Asking Price: $525,000
Gross Revenue: $150,000
Cash Flow: $80,000
Inventory: $10,000 (Included in Asking Price)
FF&E: $50,000 (Included in Asking Price)
Real Estate: $450,000 (Included in Asking Price)
Business Summary
A 30 unit motel located on Hwy 42 near downtown Algoma close to Lake Michigan; the Ahnapee River borders the property with 8 boat slips for overnight guests; business has shown historical income growth with proprietor operating a charter fishing business also available for purchase; Charter Fishing business operates out of the Algoma harbor & includes a 30 ft Baha Cruiser with all the necessary equipment for lake fishing; family run operation is wonderful opportunity for someone interested in a resort property with all the amenities
About the Business
Year Established: 2004
Employees: 3 full time - 1 part time
Facilities: 30 unit 8,000 sq ft facility with living quarters
Market Outlook and Competition: Very Good
About the Sale
Management Training and Support: Available from current owner
Reason For Selling: Relocation
Attached Files - Attachment Disclaimer
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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