Motel Business for Sale in Missouri
Lake Area Motel
Location: Lincoln, Missouri
Listing ID: #12-186
Business Financial Details
Total Asking Price
Real Estate Price
$325,000 (included in asking)
$109,532 (included in asking)
0 Full Time
0 Part Time
Interested in this Business?
* Not included in Asking Price
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This 22-room motel is waiting for a new energetic owner (perfect for a couple) to take it to the next level. The guest rooms are spacious, clean, complete with TV, microwave and fridge. The owners do a super job maintaining both the guest rooms and the shared space of the property. Pleasant pool area and separate building available for meetings, laundry facilities on premises.
Tons of parking, all drive up directly to your door. Other income opportunities available for new owners. Current owners have plowed most of their earnings back into improvements to the property and it shows. New owner can take advantage by utilizing social media and other proven hospitality industry techniques. Priced way below replacement cost, the owners want to sell the whole property and business together. All furnishings, TVs, appliances stay with the motel.
There is a very pleasant two-bedroom apartment in which the owners currently live. It could be occupied by new owners or used for on-site managers-whichever style of operation you prefer. If you have ever thought of getting into the hospitality industry you need to check this out!
This motel is located on one of two major highways running north and south basically through the entire state of Missouri. On four lane highway, super visibility from both directions. This motel is actually the only motel directly on the highway between Sedalia and Buffalo, Missouri. Only minutes away from two of Missouri’s major lakes-Truman and Lake of the Ozarks. Close enough to the lake but away from the noise and crowd when you want to be.
Due to the nature of the area and nearby major lakes there are other hotels and motels; however, this property has a pool, laundry facilities and spacious guest rooms at very affordable nightly and weekly rates. Lots of return guests who appreciate the cleanliness and consistency of the rooms.
A new owner has several options for increasing revenues and profits. They should investigate joining a national reservation system, perhaps affiliating with a national chain that directs clients to the motel. They could also build 6-10 additional units toward the back of the property as either joined units or individual cabins. That area is already plumbed and electricity is there as well. There is a 2,500 square foot separate building that could be rented out to area residents for meetings and functions. The spacious lobby area, an additional 2,600 square feet features a 21 foot-high stone fireplace. That area could be converted to a bar or restaurant to attract additional customers and create revenue opportunities. Currently it serves as reception for the motel, but other revenue generators would be easy to add. The property mainly needs new energetic owners who have fresh ideas and can take advantage of social media.
Support & Training
Sellers will train in all aspects of operations including building, grounds and equipment maintenance, customer service, and room cleaning.
Reason For Selling
The owner is looking forward to pursuing retirement.
Interested in this Lake Area Motel business?