Opal Ridge Motel - Collinsville
For sale by offers to purchase
Business and Property being offered for Sale
Read more...Resort News Magazine - Issue June 2010
Most motel owner/operators/managers will tell you they are rarely in the onsite residence. Maybe this is why the motel residence is the most forgotten about, ignored, and neglected, part of many, many motel complexes. In “the good old days” motels were typically built with a lovely 3 or 4 bedroom home above or beside reception where the owner/operators (who were often the one’s having the motel built) were going to live with their children, and operate the motel business as a family concern. The motel was not only built as a place of business but also a home for the family to live and run the operation
Freehold Motel For Sale
FREEHOLD $3,500,000 - MODERN QUALITY MOTEL
Very well presented 28 unit motel is now available for sale.
The motel is predominantly less than 4 years old, with majority of construction completed in 2006/07. Included also is a quality laundry, modern family size residence, dining room, and service station. The business is situated in a strong economic region where much growth is predicted during 2010 and beyond. The long term owner is retiring hence the sale of the business. Net profit $381,000. Valuation recently prepared.