Contact Information

 

 

Iron Horse Oufitters and Inn in Beautiful Lanesboro!

  • Listing# : 18359
  • Listed Price : $433,000
  • Total Sales : $128,032
  • SIC : 5571, 7011
  • Down Payment : $433,000
  • Status : Active
  • Discretionary Earnings : $64,364

Business Type :

Retail Miscellaneous / Retail Specialties; Lodging / Hotels

Business Description :

Located in picturesque Lanesboro Minnesota, the Iron Horse Outfitters and Inn combines prime bluff country real estate with turn key hotel (4 rooms) and retail (motorcycle accessories) operations.  This business sale includes the real estate, business goodwill, equipment, and a normal amount of operating inventory.  A signed NDA is required to learn more about this opportunity.

Operated as a motorcycle accessories store and hotel since 2015, the building was originally built in the 1880's. A renovation in 2014 conserved much of the buildings architectural nuance while updating the finish to a more modern palette.  Today the Iron Horse Outfitters and Inn stands as a favorite place for picture taking in downtown Lanesboro, and draws motorcycles riders from across the country through its dual allure of world-class motorcycle roads and small town, personal touch sales.

Currently, the owner manages the operations directly.  There is an online booking system that is used to collect bookings for the hotel operation and there is a point-of-sale system that handles the retail sales.  In the past there have been other employees in the business, but there are none currently.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $390,000
    • Incl : Yes
    • Inventory $21,500
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $21,875
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $433,375
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Retail Miscellaneous, Lodging