Historic Grant House Hotel ~ Price Reduced!

Rush City, MN (Chisago County)

Historic Grant Hotel

Asking Price:$659,000

Cash Flow:N/A

Gross Revenue:$357,000

EBITDA:N/A

FF&E:$200,000

Inventory:$15,000*

Real Estate:$400,000

Established:1886

*not included in asking price.

Historic Grant House Hotel ~ Price Reduced!

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Business Description

Own a Piece of History! The Historic Grant House Hotel is Available!

Own a piece of history! The Historic Grant House Hotel, a boutique property, is available and totally remodeled for a new owner. Located just north of Minneapolis, MN in the charming town of Rush City. Population 3000+ in 2010 . Only 50 minutes north of downtown Minneapolis.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Totally remodeled 11 room boutique hotel with tastefully remodeled guestrooms and individual bathrooms. The original hotel was built in 1886, burned down in 1895, and was rebuilt to it's current splendor in 1896. Great facility with a full service restaurant serving breakfast, lunch and dinner. Good local following as well as a healthy tourism trade. Hotel gets high reviews and is a favorite for wedding parties.
Competition:
No competition in immediate area. The Historic Grant Hotel is truly in a class of it's own!
Growth & Expansion:
Huge growth potential... There is a 300-unit municipal housing complex planned in the area and would book up hotel for up to a year if approved. Outdoor events are great and could easily be expanded.
Support & Training:
30 days training for a new owner
Reason for Selling:
relocation /retirement

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Jerry Vlaminck

Business Listed By:
Jerry Vlaminck

Hospitality Services Corp.

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