Motel On I-90 With Apartment Building Downtown
www.GlobalBX.com
Listing ID:
700115810
Listing Title:
Motel On I-90 With Apartment Building Downtown
Quick Link:
http://www.globalbx.com/listing.asp?bId=115810
Industry:
Hotels and Holiday Accommodation
Industry Segment:
Motels
Country:
United States
State / Province:
Minnesota
Area
City:
Jackson
Asking Price Range:
$500K - $1.0M
Gross Revenues:
$160,000
Cash Flow:
$60,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1983
Number of Employees:
1 - 3
Business 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
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