LOCATION: Southeastern Nebraska, on busy U.S. Highway 81, formerly ‘The Pan-American Highway’ connecting Canada to Mexico. Geneva is the seat of Fillmore County, in the heart of America's agricultural country. It offers great schools and senior activities, and is a great place to bring up a family or to retire to from hectic big-city life. The property is situated on the town’s main street, with most services within walking distance. Geneva is located approximately 65-miles southwest of Lincoln, the state capitol, 20-miles south of York (on Interstate-80), and 36-miles north of the Kansas state-line. City population is approximately 2,300 and county population approximately 7,500. The entire region consists of very fertile agricultural land; offers world-class bird and deer hunting, fishing, and a great lifestyle for young and old alike.

IMPROVEMENTS: 26 nice guestrooms in a U-shaped one-story brick/frame building, originally constructed in three stages, 1955, 1960 and 1970, are in very good condition and equipped with individual HVAC units. Wireless high-speed Internet access, as well as state-of-the-art telephones, alarm clocks and televisions are available in all guestrooms. 16 guestrooms have refrigerators and microwaves. Parking is plentiful and the parking lot was completely repaved in 2006. Easily accessible exterior entrances assure quick and comfortable access to each guestroom.

OWNERS QUARTERS: The wonderful owners-quarters feature two-bedrooms and one bathroom, an attractive kitchen/dining room, living room with a one-way mirror into the nice front office/reception area. Connected with a lockout door, adjacent Guestroom #9 has been utilized as additional bedroom with a full bath.

ADDITIONAL IMPROVEMENTS: A nice laundry facility features a washing machine and commercial dryer. A garage and workshop are part of the improvements.

PROPERTY DEED: The Deed to this motel was taken back by the previous 20+year ownership in late 2010 from a California absentee owner, who was in place since 2005, frequently changing management.

LAND AREA & UTILITIES: There are nice front and backyards as well as a lovely fruit, vegetable, and flower garden on approximately one-quarter of a city-block. The city provides water & sewer, electric service is provided by NE Public Power, and natural gas is supplied by Black Hills Energy.

FINANCIAL: Average Annual Revenues from 2006 through 2010 were approximately $176,056.20 net of sales & lodging taxes. Property Taxes are approximately $4,000.00 per annum; Utilities (electricity, gas, water & sewer) average approximately $1,600 per month; and Hazard & Liability Insurance average approximately $400.00 per month. A sophisticated Buyer would take the absentee ownership, which lasted more than five (5) years, under serious consideration. The Financial Upside for an on-site Owner/Operator with a common sense for marketing could be substantial. 

TERMS:
SBA or Conventional. 

MARKETING POTENTIAL: A hands-on, marketing-minded Owner/Operator could easily turn this motel into an ultimately busy lodging accommodation in this One-Motel town located on the active four-lane US Highway 81, leading from the Canadian border in the north, and turning into Interstate Highway 35 in Salina, Kansas (115-Miles straight south). From there I-35 continues through Oklahoma City, Dallas, Austin, and San Antonio all the way to the Mexican border at Laredo, TX.

POTENTIAL BUYER IMPROVEMENTS: Computerization of the front desk, front office capabilities such as fax, copy service, and a computer for Guest-Internet use, as well as complimentary morning coffee, would substantially improve guest relations at a minimal cost. Complimentary ice is available, a soft drink vending machine is leased from Pepsi, and while a coin-operated public laundry is six blocks from the motel, an on-site coin-operated laundry would bring additional revenues and improve guest services.

A new Great Sign, highly visible from US Highway 81, is in place, but considering the constant management changes and severe lack of ownership supervision has caused a miserable marketing effort at this property for quite a few years. A high-quality Internet Website is finally in place and will show potential net-surfing customers that this lodging facility is up-to date with high-tech and Internet savvy.

Printing and organized distribution of quality rack brochures, as well as an active Chamber-of-Commerce membership is highly recommended. The implementation of these suggestions should bring increases to the cash register almost immediately. 

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.