Access One Realty - bizbuysell.com...Page 3 of 12 Access One Realty 120 Scottingham Lane, Morrisville, NC 27560-7567 Tel: 919 219-6941. Fax: 1-562 296-2667, [email protected] Comprises

Page 1 of 12 Access One Realty

120 Scottingham Lane, Morrisville, NC 27560-7567

Tel: 919 219-6941. Fax: 1-562 296-2667, [email protected]

Business & Real Estate Brokers Specialists for Motels, C-Stores / Gas Stations

______________________________________________________________________________

16-units, Ext. Corridor Motel, near South Hill, VA Profitable, Recently Renovated - Includes Real Estate

Asking Price: $425,000

This is a Profitable, Well-Maintained Motel located close to downtown and I-85 exit.. Asking price includes real estate. Annual Gross is around $125,000. Entire Motel has been upgraded recently. Seller is moving out of the country. There is potential to earn additional

income by a strong marketing campaign to increase ADR, Occupancy & Profitability.

Access One Realty Paving your access to the future

mailto:[email protected]




Financial Summary

Business

Owner owns the business since 2006

Run by Owner and wife

Mostly local clientele.

Reason for selling: Owner moving out of the country

Recently added with Expedia and Hotels.com which is bringing more

business.

Occupancy is about 40% weekly and 60% daily– varies monthly.

Location

Excellent location: Close to downtown. Only 2 miles from I-85 exit.

Facility

Includes 4/5-bedrooms Owner’s Apartment. All the furniture

conveys except for big screen Televisions.

10-single and 6-double rooms.

Property Structure: over 30 years old

Average Gross Annual sales $125,000

ADR, Daily $45

ADR, Weekly $240

RevPAR $7,813

Occupancy 78%





Comprises of two 1-storey structures. Motel is exterior corridor.

Separate building has office and owner’s apartment.

Construction: Brick & Block

Utilities: City Water, City Sewer. City gas available.

Prospects for Expansion / Cutting Costs

Implement strong marketing campaign including presence on the

web to increase occupancy

Great potential for owner-operator!





For additional information, please contact Chandra Shah at 919 219-6941 or

by E-Mail at [email protected]. If you have not faxed (or scanned and

emailed) Non-Disclosure Agreement and Buyer’s profile, please do so. We are

required by sellers to obtain this information before releasing confidential

information.

Please do not visit the property without Scheduling with Access One Realty.

When you do go, visit as a customer and DO NOT discuss anything with

employees. Owner may lose a valuable employee due to inappropriate

conversation. Please be considerate. Please be discreet. If you make an

appointment and if you can’t make it or are late, please inform Access One

Realty immediately.

Owners have requested that all buyers submit proof of their financial ability

to purchase this business when they submit an offer.

Thank you for your cooperation.

Disclaimer: Information has been gathered from owner and other sources

deemed reliable, but is not guaranteed by Access Funding Corps., d/b/a Access

One Realty as to accuracy or completeness. Opinions expressed in this

presentation are subject to change without notice. Prospective purchasers /

selling brokers should obtain verification upon the advice of legal counsel and/or

other sources satisfactory to them. The Broker assumes no liability for

inaccuracies in the listing information.

© Copyright Access One Realty 2016






OUTSIDE

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OWNER’S APARTMENT & OFFICE


















Documents

Access One Realty - bizbuysell.com...Page 3 of 12 Access One Realty 120 Scottingham Lane, Morrisville, NC 27560-7567 Tel: 919 219-6941. Fax: 1-562 296-2667, [email protected] Comprises