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.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
