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Minnesota Business For Sale |
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| QUALITY INN - SOUTHERN MN - COLLEGE TOWN |
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| Attn: Ryan Schroder |
| Quality Inn |
| Southern MN, MN, USA |
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| Asking Price: |
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$4,100,000 USD USA Dollars |
| Business for Sale Industry: |
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Services: Hotel, Motel, Lodging |
| Reason for Selling: |
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Other hotel interests |
| Year Established: |
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1964 |
| Yearly Revenues: |
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$1,680,000 |
| Yearly EBITDA: |
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$450,000 |
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Business for Sale Overview:
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This 112 unit Quality Inn sits on the best lot in this entire University town. While it is an older property that needs some improvements, lots of improvements have been made in the last few years. Also, the restaurant benefits from two lease tenants paying a combined $160,000 in rent. There is a lot of revenue to work with here to make this deal make a lot of sense.
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Property Features and Assets:
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Brick construction, two stories, flat roof. Property also features a Perkin's restaurant lease that is both a draw to the property as well as a huge source of income for the property owner. |
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Market Competition and Expansion:
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There is some competition in town, but the market as a whole does well. |
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Additional Details:
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- The property is owned.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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