(CG) Profitable, Independent, Ext. Corridor Motel 60 units, near Charlotte, NC

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1 Access One Realty Paving your access to the future Business & Real Estate Brokers Specialists for Conv. Stores / Gas Stations, Motels, Restaurants, UPS Stores (CG) Profitable, Independent, Ext. Corridor Motel 60 units, near Charlotte, NC (CG) Motel, Independent, 60-units, Ext. corridor. near Charlotte, NC Asking: $990, months Gross: $335,306. Need $150k to buy. Growing revenue trend. Well maintained. Busy traffic. Potential in Lounge / Restaurant Access One Realty Page 1 of 9

2 Financial Summary Tax Year (YTD) Gross Revenue $279,742 $295,087 $305,116 $218,835 * Net Profit -17,322 10,374 29,813 Adjusted Cash Flow $84,831 *From to % increase from 2011 for same period ADR Kitchenettes: 10 Doubles: 13 Kings: 37 Daily Weekly Cash flow for 2011 available for Debt service Net Income, per P&L 29,813 Additional income 12,000 Interest expense 29,577 Health Insurance 3,241 Savings on purchase 3,000 Laundry, Vending income 7,200 Total cash flow $84,831 Access One Realty Page 2 of 9

3 Managed by owner and his wife. Business existing for about 60 years. Owner owns the business since Business Owner bought for $900,000 and has invested over $200,000 in upgrading the property. Reason for selling: Owners are moving to join family. Formerly Howard Johnson property. Includes everything in the owner s apartment except for treadmill and flatscreen Television sets. Owner will finance up to $100,000. Facility 60 rentable rooms Including Kitchenettes:10. Doubles: 13, King: 37. All rooms have micro-wave oven and refrigerator 10 rooms used as owner s apartment 10 rooms not used Since acquisition owner has upgraded: o Guest room carpets o Guest Laundry o Added microwave oven and refrigerator in every room (not just Kitchenettes) o 16 Camera Security system o Owner s apartment o 2 washer / dryers o Guest Rooms o HVAC system in lounge area Access One Realty Page 3 of 9

4 Land: 3.75 acres. Location Excellent location: High Traffic / High Visibility Close to Businesses, Shopping and Homes. from Charlotte, NC: 30 minutes. Prospects for Expansion Increase marketing: Internet ads, coupons, Yellow pages Lease: Lounge, Restaurant area When inquiring, please refer to the two character code (CG). Access One Realty Page 4 of 9

5 For additional information, please contact Chandra Shah at or by at If you have not faxed (or scanned and ed) Non- Disclosure Agreement and Buyer s profile, please do so. We are required by sellers to obtain this information before releasing confidential information. Owners have requested that all buyers submit proof of their financial ability to purchase this business when they submit an offer. Thank you for your cooperation, which will help us facilitate the sale. Disclaimer: Information has been gathered from owner and other sources deemed reliable, but is not guaranteed by Access Funding Corps., d/b/a Access One Realty as to accuracy or completeness. Opinions expressed in this presentation are subject to change without notice. Access One Realty assumes no liability for inaccuracies in the listing information. Access One Realty does not provide legal, tax, or accounting advice. Prospective purchasers / selling brokers should obtain verification upon the advice of legal counsel, CPA and/or other sources satisfactory to them for guidance. Copyright Access One Realty Access One Realty Page 5 of 9

6 ROOMS Access One Realty Page 6 of 9

7 OFFICE, LAUNDRY, Access One Realty Page 7 of 9

8 OWNER S APARTMENT Access One Realty Page 8 of 9

9 RESTAURANT, LOUNGE, KITCHEN OUTSIDE Access One Realty Page 9 of 9