Motel, Apartments, Restaurant - Business for Sale
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Motel, Apartments, and Restaurant Property in Brinkley, AR
Brinkley, AR, US
Added 8 months ago
Hospitality and Property Rental
Absentee / Semi-Absentee
The business is a multi-revenue property in Brinkley, Arkansas, comprising a 40-room motel, 10 apartments, a leased restaurant, and an extra-large rentable room.
Key Information
Asking
$1.3M
Revenue
–
Earnings
$683K
Multiple
1.9x
Key Highlights
- Location: Brinkley, Arkansas
- Property includes a 40-room motel, 10 apartments, a leased restaurant, and an extra-large room for rent
- First mortgage of $1,025,000 may be assumed on a case-by-case basis
- COVID loan of $140,000 may be assumed on a case-by-case basis
- Estimated cash required for purchase: approximately $150,000, plus an additional $50,000 for working capital, startup, and renovations
- Major improvements include roof repairs, RFID locks, replacement of 25+ air conditioners, and 3 new split AC units for the restaurant
Contact Info
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