WOW! Resort Style Hotel in Economically Exploding District!
Location: Texas > Texas
Industry: Entertainment and Leisure > Hotels and Motels
Financials
Asking Price: $4,300,000
Gross Revenue: $1,070,000
FF&E: $1,400,000 (Included in Asking Price)
Real Estate: $2,400,000 (Included in Asking Price)
Seller Financing: Third party financing is available. Negotiable
Business Summary
Are you looking for a high profile venture with explosive prospects and the opportunity to rub elbows with the business elite? Here it is! Our client owns and operates (absentee basis) a prestigious luxury resort style, hotel and conference center equipped with a fully staffed first class spa and salon, pool, corporate meeting center all with very highly regarded dining facilities. This company, still in its infancy, has been gaining notoriety and recognition boasting a 17% average growth rate for the last four years and projections that far exceed the 17% average for the next couple of years. This is a ground floor opportunity that is strategically positioned directly on the corridor of billion dollars plus city planned corporate, special events and convention growth area guaranteed to explode (financially) in the next 12-24 months. City planners have considered this business an ideal fit and consider it highly congruent with its growth and development plans, and has received numerous civic accolades. For those looking for a vehicle to move them into the main stream of influence this could be just that ticket!
About the Business
Year Established: 1996
Employees: 18 full time -
Facilities: Located directly on the main corridor of major multi-million dollar city planned development, this large complex of buildings, including the main inn with suites, full service restaurant, large spa and salon, business and conference center, multiple separate buildings with luxury suites sitting on well over 2 acres offers endless configuration opportunities for the creative mind including future expansion.
Market Outlook and Competition: Competition: There are no direct competitors in the city and few in the metro area. The market outlook for this type of business “in this area” is nothing less than fantastic. Current growth in the area is easily projected out over the next decade.
Growth and Expansion: Growth is expected to be steady and strong and easily expandable into the extra real estate included. Investors will be able to seize upon the opportunities presented with the billion dollars plus financial investment in development directly adjacent to this business. The ideal growth opportunities include: corporate functions, weddings, spa and salon expansion, business travelers, special events and conference bookings. Additionally, a new investor, with the right back ground and vision, could construct multi-floor facilities for additional rooms.
About the Sale
Management Training and Support: Negotiable
Reason For Selling: Owners would like to allocate more time towards their personal lives.
Attached Files - Attachment Disclaimer
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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