Best Budget Inn and Hi-Way Liquor are being offered as an asset sale for $740,000, including the real estate, 30-room motel, liquor store, and existing furniture, fixtures, and equipment. Located in Owatonna, Minnesota, this is a value-add opportunity for an investor or owner-operator looking to acquire an existing property and improve or reposition it. The property will need updates, but with the motel, liquor store, real estate, and equipment already in place, a buyer has a solid foundation to build on. The combination of lodging and retail provides multiple ways for a new owner to approach the property and its future operations. For a buyer willing to make improvements and bring a fresh approach, this asset sale offers an opportunity to acquire an established property and reposition it for its next chapter.
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First Choice Business Brokers
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.
The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
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Listing Number:
Category:
Location:
Listed Price:
Best Budget Inn and Hi-Way Liquor are being offered as an asset sale for $740,000, including the real estate, 30-room motel, liquor store, and existing furniture, fixtures, and equipment. Located in Owatonna, Minnesota, this is a value-add opportunity for an investor or owner-operator looking to acquire an existing property and improve or reposition it. The property will need updates, but with the motel, liquor store, real estate, and equipment already in place, a buyer has a solid foundation to build on. The combination of lodging and retail provides multiple ways for a new owner to approach the property and its future operations. For a buyer willing to make improvements and bring a fresh approach, this asset sale offers an opportunity to acquire an established property and reposition it for its next chapter.
Financial Information
Gross Revenue:
Listed Price:
Down Payment:
Total Income:
Year Established:
Lease Information
Square Feet:
Total Rent:
Lease Expiration:
Lease Options:
Asset Information
Leasehold Improvements:
Equipment / Fixtures:
Inventory:
Other Assets:
Additional Information
Full-Time Employees:
Part-Time Employees:
Special License Required:
Contract Staff:
Training Period:
Reason for Selling:
First Choice Business Brokers
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.
The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read First Choice Business Broker,
Terms of Use before responding to any ad.