Franchise Hotel
Off-MarketMinot, ND
Franchise Hotel
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$1,400,000
$400,000
28.6%
2012
Past 24h
Customers
Business and leisure travelers.
Customer Acquisition
The franchise fee hovers around 10%, and marketing is covered by them.
Team
Employs approximately 25 people.
Owner's Role
The owner is actively involved in the operations and administration of the hotel.
Reason for Selling
The owners purchased the hotel about 3 years ago and are looking to sell, as a family member who was originally going to be involved in managing no longer is.
Contracts
No
Real Estate
Yes, the hotel is owned and would be acquired as part of a transaction.
When Are You Looking to Sell
ASAP
Licenses Required
Multiple licenses required.
Additional Notes
The hotel was undergoing renovations and expects normalized revenue levels to be closer to $1.8M per year.
Business ID: 2054
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