Executive Summary

The Family Budget Inn is situated on an active exit at the intersection of I-35 and U.S. Hwy 136 in Bethany, Missouri. The single-story interior corridor property has 78 rooms between two buildings (40 rooms in the main building and 38 rooms in the south building).

The City of Bethany (approximate population 3,149) is the county seat of Harrison County (approximate population 8,615) which is located in north central Missouri. The City is located at the intersection of Interstate 35 and U.S. Highway 136 approximately 90 miles northeast of Kansas City, Missouri and 104 miles southwest of Des Moines, Iowa. According to the most recent traffic volume maps provided by MODOT (2015), I-35 has traffic counts of approximately 12,000 per day and Highway 136 has traffic counts of approximately 2,000.

Property amenities include refrigerators & microwaves, pet rooms with hardwood floors, seasonal outdoor pool, Wi-Fi throughout, truck parking, continental breakfast, and a meeting room.

Room night demand is generally met by the 40 rooms in the main building and in previous years the current operators have been able to shut down the south building during the winter months to reduce costs while still meeting seasonal room demand.

While there are certainly benefits to the independent model (i.e. no franchise fees) and revenue has been substantial and consistent (over 500k for 12 consecutive years), there is the potential for upside by flagging the property and either increasing occupancy or ADR.

The property is absentee owned and cash flow continues to support remote management but the property is also a great fit for an owner-operator.

Property Details

Address
4014 Miller Street, Bethany, MO 64424
Price
$1,600,000 
Rooms
78 
Price Per Key
$20,512 
Property Type
 
Revenue
Call or Email for CA 
Website
 

Hotel Description

  • Two buildings, interior corridor
  • Located at the intersection of I-35 and US Hwy 136
  • Approximately 90 miles from Kansas City, MO and 104 miles from Des Moines, IA
  • Rated 4/5 on TripAdvisor
  • Seasonal outdoor pool
  • Guest laundry
  • Continental breakfast
  • Visible from I-35 which boasts traffic counts in excess of 12,000 daily
  • Situated at an active exit next to McDonald’s & Subway
  • Historically consistent revenue
  • Many improvements to rooms in main building
  • Second building can be closed during slower season
  • Absentee owner
  • No franchise fees

Contact a Broker

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Randal Dent

KS
Cell: 573-353-9596