Centrally located 12 rooms motel with 6 figure revenue & seller financing. Easy to run and mange for single owner with 6 figure gross revenue and net cashflow.

https://www.bizbuysell.com/listings/Profile/?q=2177045&l_ilp=1

Highlights

•     Remodeled Manager Apartment - new attic, hardwood floors, & bath

•     New Building Roof, Sidings, Parking Lot

•     New Central HVAC system & Water Heater

•     New Electricals - Wiring, Panels, Breakers

•     New wired and wireless CCTV & Security Cameras throughout property

•     New Laundry sets, Snow Plover & maintenance tools

•     New Showers, Carpets, Lights, TVs, & Windows in all rooms

•     Direct Dial Phones & Premium Cable Channels in all rooms

•     High Speed Internet & Wi-Fi in all rooms

•     Auto Answering system

•     Electronic check-in system

•     Electronic Credit Card payment processing options

•     Mix Use Guests - Long-term and Short-term - many have direct billing set up with government agencies / other businesses

This is a small motel that has been successfully owner operated since 2006 by a single-family owner. The motel is fully upgraded with various renovations, current on all maintenance and upkeep, comes with attached owner apartment, and has a prime central location, and within 10 minutes of downtown Des Moines as well as the Des Moines international airport. 15 minutes to Wes Des Moines where there are many large corporations with options for IT and other employment opportunities.

ONLY SERIOUS INQUIRIES will get due attention. Financials will be shared only after confirming legitimacy of the inquiry.

The motel currently runs most successfully with six figure income annually to support a full family in a family friendly and highly desirable small but growing metro of Des Moines, IA. New owners can just take it over after the purchase and run it AS IS to start enjoying income from day 1 from existing rentals.

Support & Training

Current owners can offer free operation training and share all success strategies and their experiences with the new owner for up to first 3 months after the purchase. After 3 months, new owners are available via phone for occasional questions and consultations on a limited need basis.

Market & Competition

Current owners have been successfully running the motel since 2006. There is no competition for this specific motel around the area. The motel is small and has consistent all year long customers with mixed use rentals such as, daily, and weekly. Many weekly customers are set up with direct billing set up with government or charity agencies, so payment is guaranteed. Most daily customers are routine customers, and the daily rate fluctuates greatly based on supply and demand. Average daily rate potential of up to $95 nightly with highest potential of $110/nightly.

Growth/Expansion Pros and Cons

The real estate is owned, and occupancy rate is 100% to 200% consistently so the new owners have options to modify the property to add more rooms and/or convert it to an apartment complex.

The location is central and within minutes from downtown and international airport. A visionary owner can add various income streams to the business such as a restaurant, banquet hall, U-Haul agency, convenience store, coin laundromat, UPS or mail center, electric car charging ports, etc. The opportunities are endless for those with growth mindset and ambition.

Reason for Selling

Current owners are interested in selling the motel only because they want to retire and settle close to their adult children and grandchildren who all have residences out of state.