Listing ID: 83197
TURNKEY OPPORTUNITY IN SCENIC WEST TEXAS!!
Located at the most prominent corner in the hub of Big Bend National Park, this recently remodeled Hotel with Restaurant & Bar has garnered numerous awards by one of the top travel magazines for both lodging and food.
The owners brought in just the right amount of rustic charm to create this sought-after destination. The 17-room hotel provides indoor parking for motorcycles and convenient access to multiple nearby scenic rides, while the downstairs restaurant provides breakfast, lunch, dinner, and evening entertainment!
With management already in place, this provides a rare opportunity for an entrepreneur or investor to get an established, income-producing property in this tourist area rich with local attractions.
Added bonus: A sister property is also available for purchase.
- Asking Price: $3,000,000
- Cash Flow: $255,000
- Gross Revenue: $885,000
- EBITDA: N/A
- FF&E: $300,000
- Inventory: $175,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:23
- Furniture, Fixtures and Equipment:N/A
The deal doesn't include inventory valued at $175,000*, which ins't included in the asking price.
The company has 23 employees and is located in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell companies. However, the genuine factor vs the one they say to you might be 2 entirely different things. As an example, they may state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, current decrease in profits, or an array of other reasons. This is why it is very vital that you not count totally on a seller's word, yet rather, use the vendor's response combined with your general due diligence. This will paint a much more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover items like stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that earnings margins are too thin. Numerous businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be met or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new clients? Most times, companies have repeat customers, which create the core of their daily revenues. Certain variables such as new competition growing up around the area, road building, and also staff turn over can impact repeat customers and adversely influence future revenues. One vital point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the greater the possibility to construct a returning customer base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Just how might the regional average family income influence future income potential?