If you have ever desired to own a motel and Bar/lounge, here is your opportunity. This property is making money, but owner wants to retire. This business opportunity will be offered solely in its entirety complete with all fixtures, equipment, D5/D6 liquor license transfer privilege, beds, chests/dressers, televisions, customer good will, etc. THE BUSINESS IS IN OPERATION AND WILL CONTINUE TO OPERATE THROUGH CLOSING. Up to a 6 month management agreement between purchaser and seller will allow the State of Ohio time to transfer the liquor license. Therefore, unless the purchaser desires, the business will never be closed during the transfer process (a copy can be found on our website for review).

According to the Butler County Auditor, the motel is a 3852sf, 14 unit “L” shaped concrete block motel with 5 double rooms with twin double beds and 8 single rooms with a double bed. There is also an attached apartment for additional rent or owner/manager residence. Currently the single bed rooms rent for $40/day (or $160 per week), and the double bed rooms rent for $48/day (or $215 per week). Each unit has individual electric heat and thru wall A/C units. The apartment rents for $675 per month and has electric heat and thru wall A/C unit. Cable and Wi-Fi are provided. There is also a basement for storage of linens, supplies, tools, etc. under part of the motel.

The lounge/bar is approximately1140sf and is of brick and block construction. A D5/D6 (2:30PM operation and Sunday sales) liquor license transfer privilege is included. The building contains the lounge area, “C” style bar with seating, sm. food preparation area, 2 restrooms, office, and built in walk-in cooler. There is also a rear patio overlooking a fenced game area. The lounge will come complete with all furniture/fixtures, except those that belong to vendors such as the pool table and video games. The current vendor split is on a 50/50 basis with the vendor maintaining these items.

The latest upgrades/updates include new carpet in the lounge, new roof in 2009, new water heaters in 2008/2010, and furnace in 2013. The property is serviced by water and natural gas. Currently the property is on septic system which was refurbished in 2012. However, owners indicate a plan is in place to install sewers, but no definitive timeframe has been finalized.

The motel and lounge show gross profits of $235,000 per year. The current annual real estate taxes are $3,585.00. The total property is comprised of 3 parcels denoted by the Butler County Auditor as K4630065000110, K4630065000111 & K463065000109.

MANAGEMENT CONTRACT

2011 P&L

2012 P&L

2013 P&L

JAN. – JUNE P&L

MO X MO 2014 P&L

BAR & MOTEL 2014 BREAKDOWN

MO X MO 2014 OTHER INCOME P&L

PROPERTY INFORMATION PACKET