LOCATION: Located in Scott City in western Kansas on Route 96, the city's main through-fare, near the busy U.S. Highway 83 in the heart of America's agricultural center. Approximately 45 miles east of the Colorado stateline and 33 miles north of Garden City, Scott City is the county seat with a population of approximately 3,800 people. Nearby Scott Lake State Park is a most picturesque oasis in the High Plains of western Kansas. With it's artesian springs, beautiful spring-fed lake, deep wooded canyons and craggy bluffs, the sanctuary is listed by National Geographic as one of the country's 50 “must-see" parks. The region offers fabulous hunting, fishing and a great family lifestyle. Schools, sport and recreation facilities are great in the city and county. Restaurants, shopping, medical facilities and other services are plentiful and exceptional. Elevation is approximately 2,970 feet.
 

IMPROVEMENTS: 30 beautiful and exceptionally clean guestrooms in 2 one-story brick buildings originally constructed in 1961 and 1964; new roof (1999). Wonderful 4-bedroom owners quarters including attractive kitchen, living & dining room, office, reception area with front lobby; laundry; basement; freestanding, currently unoccupied building in good condition is part of the package. City water and sewer; natural gas. Individual A/C units. Approx. 1-acre of land. Current owners in place since 1985.

FINANCIAL INFORMATION: ANNUAL EXPENSES: 2005 property taxes were approximately $10,000; hazard and liability insurance approximately $5,800; utilities, including electricity, natural gas, and city water and sewer were approximately $26,000; and telephone was approximately $4,900, and supplies were approximately $10,450. Labor, including payroll taxes, was approximately $66,000. Capital Improvements and new Equipment were approximately $16,000..

REVENUES: 2002 Revenues approx. $200,000.00

TERMS: Cash, Conventional, SBA

Information herein has been obtained from what are believed to be reliable sources, however, Anton Hospitality Brokers, Inc., cannot guarantee its accuracy. References and information contained herein are approximate only and are subject to changes and errors. Assumptions are based on professional management and marketing of the property and future operating results will vary depending on ownership. Buyers must conduct their own investigation and due diligence and consultation with a professional financial advisor is highly recommended. Price is subject to change without notice.