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Norman Motel
Location: United States -> Minnesota -> Ada
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

15 Room turn key Motel for sale built in 1960. Ada / Norman. Only Motel in town. No other motel located within a 30+ mile radius! Solid spring/summer season that includes guest who stay with us year after year; construction, weddings family reunions and persons just passing through. Fall business is outstanding crop are being harvested and farmers house many of their workers with us. Fall Dear Hunting season bring outstanding business to the motel as well. Business currently closes down for the winter; however it can and has been open during the winter. New snowmobile trail(s) are currently being developed and improved in town and throughout the county. With well targeted marketing, winter snowmobile traffic can be a source for increasing winter revenues if one chooses to pursue it.

Room Breakdown: 1 Room with 3 beds; 7 Rooms with 2 beds; 6 rooms with 1 bed & 1 575 square foot suite. This property can easily be run by a husband/wife team. Motel has enclosed interior corridor. Many improvements have been made to the Motel that directly improves our guest experience. Detailed improvement information (too many to be listed here) will be provided upon request.

On the property there is a separate 3,700 square foot building that consists of a clean & comfortable 3 bedroom 3 bath home with a large attached garage. The office is newly remodeled; and also conveniently attached to the home as well. Detailed financial information will be provided for valid inquiries only and signed confidentiality agreement.Norman Motel is Located in Northwest Minnesota in the town of Ada pop. 1500. Ada is a Rural farming community in Norman County. Ada is the County seat for Norman County. We are located approx 45 miles Northeast of Fargo, N.D., 65 miles from Grand Forks, N.D. 13 miles east of The Red River of The North.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $80,000
Cash Flow:   $21,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  Yes.
Seller Financing:  No

About The Business

Year Established:  1960
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes.
Reason For Selling:  Want to purchase a larger lodging facility.

Photos

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Norman Motel Photo 1 Norman Motel Photo 2 Norman Motel Photo 3




Click on the "Contact Seller" button for more information on this Hotels and Holiday Accommodation > Motels business for sale.
Print Listing Id: 700111609
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Minnesota Businesses For Sale > Minnesota Franchises For Sale > Minnesota Business Brokers



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