72 unit full service hotel - Updated and rising sales, profitable.

Olga, MN (Polk County)

Seller Financing Available
72 unit full service hotel - Updated and rising sales, profitable.

Asking Price:$2,599,000

Cash Flow:$650,000

Gross Revenue:$2,000,000

EBITDA:N/A

FF&E:N/A

Inventory:$45,000*

Real Estate:$2,000,000

Established:1987

*not included in asking price.

72 unit full service hotel - Updated and rising sales, profitable.

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Business Description

A fantastic opportunity for a new owner. Hotel has been updated and sales are rising significantly with additional room to go. 72 room full service hotel and pool with nice restaurant and bar. Prime location in town next to college and off the highway.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
50
Facilities:
72 room pre cast concrete construction building. In excellent condition, a large portion of the remodel has been finished and shows very well. Owner has invested almost $1 million dollars in the last 2 years. Located on over 3.5 acres. Hotel, bar, restaurant and banquet facilities.
Competition:
Prime location next to the college and great highway access. Two other franchise hotels in town and this is the only full service property.
Support & Training:
Owner will help in transition if required.
Reason for Selling:
Other business interests

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Robert Klinger

Business Listed By:
Robert Klinger

Veracity Business Brokerage

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