35-Key Tourism Motel Near Wind Cave & Mount Rushmore - Business for Sale
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35-Room Motel with Mini-Golf in Hot Springs, SD
Hot Springs, SD, US
Added today
Entertainment, Leisure, & Recreation
61 years in business
Retiring Owner
Independent 35-room motel with an 18-hole mini-golf course located in Hot Springs, South Dakota, serving the Black Hills tourism market.
Key Information
Asking
$1.5M
Revenue
$410K
Earnings
$190K
Multiple
7.9x
Key Highlights
- 35 guest rooms on 2.2 acres with 18-hole mini-golf course
- 61 years in operation; current owner for 31 years
- Seller financing available for up to 40% of purchase price ($600,000)
- Includes real estate, all FF&E (~$150,000), and operating documentation
- Peak-season ADR averaged $133; 90%+ occupancy on July 4 weekend
- Recent capital improvements: new metal roof (2024), new mattresses (2024), commercial laundry equipment (2025)
Contact Info
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