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Businesses For Sale   >>   Minnesota Businesses For Sale Categories   >>   

Motel On I-90 With Apartment Building Downtown

Location  Minnesota,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $160000
Net Profit / Cash Flow  $60000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1983
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  1 day prior to closing.
Reason for Sale  New venture.
Description  This is a 17 unit motel for sale with a one bedroom owners apartment. This motel sits half underground and utility cost is much lower than normal. We have recently remodeled the whole motel and the property looks great. We sit in the middle of the wind turbine central. This coming year we have two wind turbine projects consisting of about 250 wind turbines. We use the apartment building downtown for the guys who stay with us for 3 weeks or more. We operate it like the motel and clean once a week and charge motel rates. This coming year will be very good. Our income has exceeded $155,000 this year and will be $60 - 70k more next year. For more financials give me a call. 507 847 5603. We are asking Motel only $440,000 apartment building $140,000 together $550k. Take a look at our website earthinnmotel.com
Click Here To Contact Seller

    

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