Sellers Motivated! Motel with Brand New Roof in Rocky Mount!

Listing was updated at: 04/26/2020
Property Overview
Price/Rent PSF $ 1,500,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 04/19/2019
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Priced to sell quickly!! Asking price: $1.5M 2018 Revenue: $450,000 Revenue Multiplier: 3.33x Rentable Rooms: 100 Brand New Roof! Sellers are motivated to retire! They have operated this property for the past 10 years! The Red Carpet Inn is located off I-95, within 9 miles of North Carolina Wesleyan College, Dunn Center for The Performing Arts and Golden East Crossing Mall. The property is miles away from Hot Wheels Amusement Park and Stonewall Manor. The Hickory Meadows Golf Course and Rocky Mountain is 10 miles away from the motel. 100-room property was fully renovated in 2016 and 2017 with brand NEW ROOF and SECURITY SYSTEM!! This property provides laundry facilities, 24-hr front desk, RV/bus/truck parking, free WIFI in public areas. Red Carpet Inn is a franchise which has 95 locations. Very reasonable Franchise fee at 5%. Denny’s, Waffle House and few other restaurants are nearby. Last year's revenue was $450,000! Asking Price: $1.5M. Sellers are motivated to retire!