The Geneva Motel
Property Details
Property Description
Back on Market!
This is a small, family run 20 room motel whith a 2019 total revenue of $911,000.Recently remodeled in 2017, which brought the income up from $91/per day in 2017. The income for the 1st quarter of 2020 is 17% higher than 2019.This is a highly profitable, turn key business, which includes a current tobacco license as well as a beer/wine license (can be transferred to new owners).
Also included is a new, remodeled laundry room, and an owner's suite. The owner's suite is 2285 sq ft and consists of two kitchens, large family room, 3 bedrooms and 2 full bathrooms. Currently ran as a short stay hotel, the management has a super clean, efficient and profitable business.Family run for more than 40 years.
The motel generated over $900,000 in income in 2019.. 2017, 2018 & 2019 ytd financials available. The long term, trained employees can stay with the new owner. The owner took a salary of over $450,000 for 2019. The owner has a complete manual detailing all aspects of running the business. This is a super clean, efficient and profitable business.
Fronting N. OBT on the Clarcona Ocoee intersection, with a daily traffic count of 35,000.
PLEASE DO NOT DISTURB ANYONE ON SITE WITH QUESTIONS.
