Motel & Liquor Store Asset Sale - $740K

Business Overview:

Best Budget Inn and Hi-Way Liquor are being offered as an asset sale for $740,000, including the real estate, 30-room motel, liquor store, and existing furniture, fixtures, and equipment. Located in Owatonna, Minnesota, this is a value-add opportunity for an investor or owner-operator looking to acquire an existing property and improve or reposition it. The property will need updates, but with the motel, liquor store, real estate, and equipment already in place, a buyer has a solid foundation to build on. The combination of lodging and retail provides multiple ways for a new owner to approach the property and its future operations. For a buyer willing to make improvements and bring a fresh approach, this asset sale offers an opportunity to acquire an established property and reposition it for its next chapter.

Contact the Seller:

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Property Features and Assets:

This is an owned ~8,000 square-foot property, which is included in the total asking price. Seller is active with 2 FT employees. Hours of operation are Hotel 24/7, Liquor Store Mon-Sat 8am-10pm & Sun11am to 6pm. $34,223 in inventory and $84,506 in FF&E included in the asking price. 

Reason for Selling:

Relocating, Life Changes. Kindly ask the seller for more information.

Additional Details:

Relevant Links:

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