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Property Detail

177 S Main St, Hatch, UT 84735, USA
Main place to eat in Hatch Utah
$1,400,000

Description

Investment Highlights

  • Heavy traffic along Highway 89
  • Great reputation and upkeep

 

Executive Summary

Between Bryce Canyon and Zion National Park. 15 motel rooms. 2 bedroom house that airbnb's year round, with two employee housing units in the basement, and a full service restaurant and convenience store. Property grosses 450k on good years, it has been doing 350k during covid.
 

Amenities

  • Business Center
  • Restaurant
  • High Speed Internet Access

About 177 S Main St , Hatch, UT 84735

Between Bryce Canyon and Zion National Park. 15 motel rooms(4000sf) 2 bedroom house (1000sf) with two employee housing units in the basement, and a full service restaurant and convenience store (3000sf). 430000 Gross receipts 2023 (210000 rooms, 223000 restaurant) - 12600 booking/expedia commissions -75000 restaurant food 3378 pepsi machine soda 5241 property taxes 5500 property insurance 2500 Workmans comp insurance 140000 8 employees payroll 10000 employer match fica/medicare 9338 Unemployment tax 6600 propane 4500 electric 2500 water 2500 internet, telephone, wifi 23658 room, city, sales tax of 12.92% 18312 restaurant tax of 8.1% 10000 Credit Card processing fees 1500 Hotelier PMS for keeping track of bookings 18000 new roof on the restaurant 3300 supplies for the motel rooms, soap, tp, ect 70000 mortgage payment on 1 million dollars $5573 Your profit. Why would someone do this? Every year that you pay the mortgage down you are gaining equity in the building. When you sell the business you get that investment money for your 7 months of not a day off. Not included in this estimate are the use of my other business Bryce Zion Inn's maintenance man to mow the grass, my husbands unpaid labor, and we provide the RV spots at Bryce Zion Inn for 4 of the employees that work at Hatch Station

 

Room Mix Information

DescriptionNo. RoomsDaily RateSF
Suite1$139.00-
Guest Room15$75.00 

 

Raquel Thompson

Phone+1 702-353-1788

Specification

General

  • 7000
  • 0.3800
  • Investment
  • Commercial
  • 1987
  • 16

Financials

  • 12.10

Hospitality

Hatch Station

Listing ID : 00071

SKU: 71

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