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17176883
17176712

35 State Rd, Phillipston, MA 01331

MM
MA 132350, ME DB918655 (+2)
Muroff Hospitality Group
Listed by Muroff Hospitality Group
$1,525,000
785 days on market
Updated 5 days ago

King Phillip Restaurant & Motel

Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 5,000
Keys 12
Cap Rate 12.08%
NOI $184,203
Year Built 1950
Year Renovated 2022
Buildings 3
Stories 1
Acreage 5.000
Zoning Commercial
Investment Type Owner/User
Ownership Private

Successful Restaurant & Motel at a great price in Central MA.

Marketing description

Don’t miss this outstanding opportunity to acquire a successful turn key restaurant and motel on scenic Route 2 in Phillipston, Massachusetts. The King Phillip Restaurant & Motel is a well-established and profitable business. There is an enormous potential to increase revenue with hands on management and increased marketing efforts. The King Phillip Restaurant & Motel offers 12 modern guestrooms outfitted with wall-to-wall carpet, cable T.V., and air conditioning. There is a mix of queen and double-bedded rooms, and cots are available. All rooms are non-smoking and offer daily maid service. The daily motel rates are affordable and special weekly and monthly rates are also available. The property boasts 5 acres and offers plenty of parking; tractor trailer trucks are always welcome with lots of room for potential development.

Located directly adjacent to the Motor Inn is the King Phillip Restaurant, offering traditional American cuisine in a casual setting. The restaurant is known for its creative specialties including chicken, veal, beef and Italian. Guests of the Motor Inn receive preferential reservations for the restaurant. The King Phillip has the coziest lounge in the area offering a 12-tap selection of Microbrews as well as a full bar with Martini and Margarita specials. The Motor Inn is the perfect getaway for anyone…a couple looking for a night away…hunters in this neck of the woods, local wedding guests, construction workers, truck drivers passing through…. whatever your situation, they are more than happy to accommodate you.

Investment highlights

  1. Long established motel & restaurant in Central Massachusetts

  2. Stable management and staff will insure continuity

  3. Successful banquet business & loyal customers for restaurant

  4. Great potential to increase revenue with hands on management

  5. Plenty of land to add rooms or expand business

  6. Current owner will consider seller financing for qualified buyers

Twohey’s Tavern is the coziest lounge in the area, and provides a gorgeous fireplace creating a relaxing atmosphere, enhanced with overstuffed chairs and love seats. You can sit back and watch the ball game or be more intimate by the fireplace; the lounge’s size and atmosphere allows both to happen. Stop in for an appetizer and a drink or enjoy burgers and sandwiches. Twohey’s offers a 12-tap selection of beer, as well as several margarita and martini specials that accompany its full bar. The extensive cordial list features many fine cordials and scotches. If you want something lighter, the lounge is a great place to sit back and enjoy a variety of homemade desserts and international coffees. Every Friday and Saturday night the King Phillip offers live entertainment. A great place to meet up with friends and enjoy the night!!

The banquet facility can accommodate groups of 10 to 100 for multi-room functions, and features a comfortable lounge for your occasion. There are modern, fully handicapped accessible facilities with an emphasis on comfort. Celebrate your special day in a restaurant setting where the King Phillip’s professional and courteous wait staff will provide for your every need. Allow their professionally trained chefs to prepare a fabulous entrée that will make your event a huge success.

The Town of Phillipston is located in Central Massachusetts, about 20 miles west of Fitchburg and is bisected by Route 2. Rural and remote, Phillipston is marked by forests, winding roads and historic stonewalls; it serves as the northern entrance to the Quabbin Reservoir. It’s one village - the historic town center - is comprised of a town common ringed by numerous municipal buildings, a school and 19th century homes. A small number of retail and food outlets are located along busy Route 2A. Easy access to four-lane state highway Route 2, has made Phillipston an attractive and affordable bedroom community for workers along the Route 2 and 495 corridors

Don’t miss this unique opportunity to own and operate a successful restaurant and motel at a very attractive price. Opportunities like this in Central Massachusetts don’t come around every day!

Listing Contacts

MM
MA 132350, ME DB918655 (+2)
Muroff Hospitality Group
Listed by Muroff Hospitality Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$184,203.00
$15,350.25/mo

Valuation Metrics

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DSCR
12.08%
Cap Rate
12.08%
ROI

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Additional Information

Name
Mitchell B. Muroff
License
132350
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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