Beach Resort Hotel with Property

Location: Fort Lauderdale, Florida flag
Industry: Service Businesses, Hotels & other lodging places

Operating Hotel & Real Estate in a Well Known Tourism Area!

Asking Price

$ 6,995,000

Annual Revenue

$ 1,249,278

Annual Profit

$ 635,870

FF & E

$ 129,600

Inventory

$ 20,000

Year Founded

2002

Number of Employees

1-10

Website

Reason For Selling

This business is not relocatable.

This business is not home based.

Description of Business

This well established business has been successfully operating as a special interest hotel and resort for 7 years. It sits on a large parcel of land located just 180 yards from the tropical shores of Fort Lauderdale Beach. This resort offers 36 spacious studios and suites with amenities such as continental breakfast, rooftop sun deck, 2 swimming pools and a large jacuzzi, laundry facilities, BBQ grilling station, massages, internet access from a computer in the lobby as well as wireless in the rooms. Room's available for short or long term stays. Property is private and secure in a relaxed Florida atmosphere set amongst lush tropical foliage. This operation is generating an EBITA of $573,000 on an adjusted basis and shows a steady stream of revenues for the past 4 years. The operating hotel and the real estate are being sold together. Please contact agent for more details, 954-970-1049.

Property Information:

Secure and enclosed property includes completely remodeled rooms and facilities, several heated pools, gym, computer terminal, kitchens and kitchenettes, private baths, pet friendly accommodations available.