Jerry Wetzel
Jacksonville, FL (USA)
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Ocean Front Motel
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Startup
Location:
Cedar Key
Industry:
Hospitality
Year Founded:
2001
Number Employees:
1-10 people
Description:
28 unit ocean front motel half way between Panama City and Tampa, Florida on the Gulf of Mexico. Established 2001. Income 2006 = 385,343, 2007 = 380,842, and 2008 = 359,039. Cash flow 2007 = 239,575, and 2008 = 188,372. 5 employees, could be reduced by at least two if we could buy this. Also referral plan, repeat guest plan, and active marketing plan could increase occupancy from current 98-100% full on weekends from Feb-Sept, and weekends 40-60% full the rest of the year, as well as 10-30% occupancy weekdays rear around. Reducing costs and increasing business should result in increase of 100k+ cash flow/year. Reduced from 2.5 to 1.9 million. I'll make this profitable!