Remarks

Here is your chance to be the owner of a recently remodeled well established business. The Model Towne Inn has been in existence since 1990, and the current owners have done a great job of improving this business with a ton of recent improvements. This 18 unit motel is located right in the heart of Gwinn, next to several restaurants, shops and the snowmobile trail. There is a spur right from the motel to the trail. It is also only 6 miles from the Sawyer International Airport. Has on-site laundry, plenty of parking. Since the current owners have taken over this business, there have been significant growth in cash flow, with the profit margin growing 443% and sales increasing 22.38%. This motel is outpacing their competitors in sales and occupancy growth. An independent financial analysis is available as well as internal financial statements and three years of tax returns to well qualified prospective buyers.

Details

MLS#: 50115135
Price: $750,000

Style: 5 or More Units
Sq Ft: 7408
Year Built: 1990

County: Marquette
Lot Size: 250x500