711 Silver Heights is aretail property for lease in Silver City, NM.
The Drifter Motel and Restaurant is conveniently located on Hwy 180 East near the I-90 intersection in the center of Silver City. Just minutes from the historic downtown district and Western New Mexico University. Local shopping and services within walking distance. With recent remodeling and upgrades we now feature EXTENDED STAY and monthly rentals. The Drifter Pancake House has been named “The best place in Grant County to have breakfast” for many years. Celebrating 50 years, It’s a local favorite for breakfast and lunch!
The economic outlook for The Drifter Motel and Restaurant appears to be favorable in light of continued population growth and greater emphasis on marketing and cost controls. The outlook for the industry appears favorable as the nation’s economy continues to recover and businesses and individuals begin to enjoy additional discretionary income.
The business’s financial performance of the Restaurant has been steady over the past three years, despite the recession. After the recent remodeling and upgrades to the Motel and now featuring the Extended Stay accommodations the financial are showing a positive growth over the last eight months. The property is managed by an onsite manager 24-hours a day. The seller will also work with a purchaser through a reasonable transition and training period.
This business would be an attractive acquisition for a local investor wishing to diversify, an out of-state company seeking a Southwest presence, or any entrepreneur desiring to purchase an established enterprise with solid growth potential.
ANALYSIS OF INCOME AND CASH FLOW
The company, as a “going concern”, derives most of its value from its ability to generate positive cash flow, as well as from its assets. Financials available on request.
Net Income of 2014: $161,708.00
Request Property Information
Please describe your commercial real estate requirements. We’ll introduce you to local properties that match your criteria.