Norman Motel
Location Minnesota,United States
Asking Price Range $250K - $500K
Gross Revenues $80000
Net Profit / Cash Flow $21000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1960
Number of Employees 1 - 3
Inventory Yes.
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Yes.
Reason for Sale Want to purchase a larger lodging facility.
Description 15 Room turn key Motel for sale built in 1960. Ada / Norman. Only Motel in town. No other motel located within a 30+ mile radius! Solid spring/summer season that includes guest who stay with us year after year; construction, weddings family reunions and persons just passing through. Fall business is outstanding crop are being harvested and farmers house many of their workers with us. Fall Dear Hunting season bring outstanding business to the motel as well. Business currently closes down for the winter; however it can and has been open during the winter. New snowmobile trail(s) are currently being developed and improved in town and throughout the county. With well targeted marketing, winter snowmobile traffic can be a source for increasing winter revenues if one chooses to pursue it.
Room Breakdown: 1 Room with 3 beds; 7 Rooms with 2 beds; 6 rooms with 1 bed & 1 575 square foot suite. This property can easily be run by a husband/wife team. Motel has enclosed interior corridor. Many improvements have been made to the Motel that directly improves our guest experience. Detailed improvement information (too many to be listed here) will be provided upon request.
On the property there is a separate 3,700 square foot building that consists of a clean & comfortable 3 bedroom 3 bath home with a large attached garage. The office is newly remodeled; and also conveniently attached to the home as well. Detailed financial information will be provided for valid inquiries only and signed confidentiality agreement.Norman Motel is Located in Northwest Minnesota in the town of Ada pop. 1500. Ada is a Rural farming community in Norman County. Ada is the County seat for Norman County. We are located approx 45 miles Northeast of Fargo, N.D., 65 miles from Grand Forks, N.D. 13 miles east of The Red River of The North.
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