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Cliff Dweller Motel For Sale

6452 W Hwy 61, Tofte, Minnesota, United States
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Asking Price$825,000
Revenue$322,000 Established1972
Cash Flow$170,000 Employees1 full, 3 part
FF&EUndisclosed FranchiseNo
Inventory$50,000 RelocatableNo
Real Estate$935,000* Home-basedNo
* Included in Asking Price
22 room motel plus 3 bedroom/2 bath owners apartment and employee apartment on Lake Superior’s North Shore in Tofte Minnesota. Many upgrades since new in 1970’s. Plenty of off street parkin
Facilities:22 unit motel. Build in 1970's. many upgrades since then
Competition:tourism area, however not close to other motels/hotels
Training/Support:as needed
Sale Reason:Moving out of state
Ad #71428
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