Motel business(20 years lease) - Business for Sale
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36-Room Motel Near Manhattan, Bergen County NJ
NJ, US
Added today
Motel / Hospitality Business
58 years in business
Motel business with 36 rooms on a 12,000 sq ft lot, located 2 miles from Manhattan in Bergen County, NJ, operating under a 20-year lease.
Key Information
Asking
$350K
Revenue
$650K
Earnings
$240K
Multiple
1.5x
Key Highlights
- Business operates under a 20-year lease
- Monthly rent: $14,000 plus tax and CAM
- Annual property tax: $18,538.08 (2022)
- 36 rooms on a 12,000 sq ft lot with ample parking
- Located 2 miles from Manhattan, New York City
- Business established for 58 years
- Income figures are projections for 2024 and not based on recent P&L
Contact Info
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