NOT DISCLOSED, Minnesota
| Asking Price |
$700,000 |
Year Established |
2018 |
|
| Annual Revenue |
$0 |
Reason for Selling |
Relocating, Life Changes |
|
| Annual P/L |
$0 |
Attention |
Joseph McKeown |
|
| Annual Cash Flow |
$0 |
Listing Number |
1014030 |
|
| # of Employees |
2 |
Business Category |
Services: Hotel, Motel, Lodging |
|
Business Overview:
Best Budget Inn and Hi-Way Liquor are being offered as an asset sale for $700,000, 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.
Property Features and Assets:
<p><br></p><p>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. </p>
Market Competition and Expansion:
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity