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Profitable Franchise Hotel For Sale

47/wk
Lehigh County, Pennsylvania, United States
Photos Website Map
Asking PriceUndisclosed
Revenue$2,041,693 Established2014
Cash FlowUndisclosed Employees25 full-time
FF&E$3,250,000* FranchiseNo
Inventory$5,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent opportunity to own this profitable highly successful 140 room national franchise hotel minutes from an international airport which serves thousands of yearly travelers. The sale includes a successful restaurant and banquet facility, with liquor license, of which are both lease out to third parties and independent operators. This hotel business which has a 63.8% occupancy rate, with elevators, continues to improve its financial position as a highly profitable company. The property is in Lehigh County, PA conveniently located near various interstate highways with immediate access to the airport and other county roads. The subject property consists of a modern fully upgraded full-service hotel that is operated under a well-known national franchise agreement. The hotel also has a 200-capacity restaurant / lounge, private meeting space, fitness center, banquet room and business center with additional back-of-the-house facilities. All the public space, including the restaurant and lounge, guest registration, lobby, sales and administrative offices are located on the first floor. Guestrooms are located throughout the first and second floor of the guestroom wing of the hotel. This facility was constructed in 1974 and has been upgraded during the past years. The restaurant and banquet businesses are owned and operated by independent operators, has been recently upgraded as a class A food establishment. The business fixed assets has a substantial value, estimated at $3,250,000 based on equipment and licensing replacement cost and the sale consists of a fully equipped hotel, restaurants, which includes real estate, licensing, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This business has twenty-five full & part time employees who are unaware of the pending sale and fully expected to remain post closing monthly payroll is approximately $31,700. This business location has 162 private parking areas on the site as part of the sale. The business is operational 365 days yearly 24 hours daily. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The 2016 gross yearly income was $2,041,693 with a solid net yearly income based on an onsite owner operator and prior to any debt service, property taxes $56,614, assessed value is $2,750,000. The price of this franchise hotel business opportunity has been valued based on the various assets, which includes the real estate, liquor licenses and a multiple of the net yearly income. No experienced is required for this business operation however state approval is required to own the liquor license. Based on the asking price, required down payment and net income this business should supply a consistent return to the owner operator prior to debt service. This is an excellent safe business opportunity with continue growth potential. This transaction is confidential; all viewings are by appointment only and photo may not represent this business opportunity.
Facilities:This franchise hotel is in eastern Pennsylvania, Lehigh County on an active highway with a traffic count of approximately 33,000 vehicles daily. The facility consists of one hundred and forty rooms, 57,000 square feet on 5.6 acres. The sale also has highly successful leased restaurants, representing a consistent rental income to the hotel. The property real estate taxes are $56,614 and assessed value is $2,750,000.
Competition:This general area has limited competitors and the seller has agreed to supply an appropriate non-compete agreement to the new operator.
Growth Potential:With an ongoing and more aggressive marketing plan, improved web site, the business can be further improved resulting in an additional return to the owner operator.
Training/Support:The seller / owner will remain post-closing for sixty days to supply an appropriate training and transitional period.
Seller Financing:Is available to a qualified buyer with an appropriate down payment.
Sale Reason:The owner is semi absentee, out of state and is retiring from this industry.
Ad #100966
Seller Reference #HTL113
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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