Established Bed & Breakfast for Sell

New Ulm, MN (Brown County)

Front of Bed & Breakfast
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Asking Price: $350,000

Cash Flow: N/A

Gross Revenue: $73,000

EBITDA: $65,500

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1997

Established Bed & Breakfast for Sell

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Business Description

Turnkey Bed and Breakfast for sale

Established Bed and Breakfast in great tourist community. All items included that are needed to walk in and continue running a great business that has been around for 21 years. This is a community that has festivals throughout the year bringing guests from in-state, South Dakota, Iowa, Wisconsin and around the US.

New Ulm is known for its German Heritage and interesting history. Many people also come to enjoy Schell's Brewery, the second oldest brewery, in the US, a great golf course, several state parks here in town and within 30 minutes drive. Nearby winerys, Harkins Store and many other attractions.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
6,028
Facilities:
There is a large dining room/sunroom, making this a great place to start the day. The sitting room comfortably sits all guests to relax for the evening or waiting for breakfast to be served. The large kitchen makes it easy to prepare breakfast. The third floor has an owners quarters with bedroom, sitting area, bathroom and storage area. The basement also has a family room, workroom and lots of storage space. Large 3 stall garage and more storage above that could be remodeled for an apartment for additional income or owners quarters. (Home Based)
Competition:
There is only one other Bed & Breakfast. We have worked well together to increase business for both business'
Growth & Expansion:
With additional advertising and working with the other business' in town it is possible to make this grow, especially in the winter months.
Support & Training:
We will spend time with you to train you on the reservation system and understanding of running the business.
Home-Based:
This business is Home-Based
Business Website:
http://deutschestrasse.com
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Business Listed By:
Victoria McCauley

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