Description
The Geneva Motel is a 20 room motel which generated over $900,000 income in 2019. The owners had a salary of over $450,000 for 2019. The income for the 1st quarter of 2020 was 17% higher than 2019. The income for June 2020 was over 20% higher than June 2019. The motel is a highly profitable, turnkey business which includes a current tobacco & beer/wine license (can be transferred to new owners). The motel contains 20 rooms, a remodeled owners/managers suite (2,285 sf) and professional grade laundry facilities. Family run for over 40 years. The business is easy to learn. The owner has a complete manual detailing all aspects of running the business. This is a super clean, efficient and profitable business.
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0BEDS
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1.34ACRES
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0BATHS
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01/2 BATHS
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7,379SQFT
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$260$/SQFT
School Ratings & Info
Description
The Geneva Motel is a 20 room motel which generated over $900,000 income in 2019. The owners had a salary of over $450,000 for 2019. The income for the 1st quarter of 2020 was 17% higher than 2019. The income for June 2020 was over 20% higher than June 2019. The motel is a highly profitable, turnkey business which includes a current tobacco & beer/wine license (can be transferred to new owners). The motel contains 20 rooms, a remodeled owners/managers suite (2,285 sf) and professional grade laundry facilities. Family run for over 40 years. The business is easy to learn. The owner has a complete manual detailing all aspects of running the business. This is a super clean, efficient and profitable business.
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