Alexandria RV Park and Motel with high cap rate
MNRS #1960387

A well-established, solid year around business, in the Alexandria Lakes Area.

If you’ve wanted to be a small business owner and can’t seem to find a small business that will give you time flexibility along with a solid income you’re looking for, then this may be the small business for you. The current owners have brought this business up to today’s standards across the entire spectrum while still making a solid income.

Cruise Inn RV Park and Motel of Alexandria is no longer a franchised name. The name Cruise Inn of Alexandria is owned by the seller since the franchise has closed and allowed the owners of these business’s all across the country to keep the name. This is a nice advantage since the name has good brand recognition.

This property has great year around income. Included in the 5 acres is a 40 site, full hook-up RV Park. The RV Park is set up with level gravel sites and is slightly away from the motel. The RV sites are rented short term or long term.

The Motel is a two story building in excellent condition with plenty of parking for guests. The siding on the building is 10 years old, and the roof is 5 years old. The heating system is a new install boiler in the winter of 2018. The boiler system also has new zone valves and piping. Each of the rooms interiors are newly remodeled with knotty pine and matching furnishings and modern decor. The 16 room Motel has 7 apartment style rooms, with 1 being a 2 bed and 6 other apartment style rooms have 1 bed. These 7 rooms fit the area very well for extended stay guests. The motel has a full laundry available to the guests with coin-op washers and dryers. These coin-op machines and the motels own laundry machines are all less than five years old. The motel is hot water on demand new circulating pumps and two water heaters. The 80 gallon water heater is 1 year old with the 40 gallon being 2 years old. Municipal wastewater and fresh water service the Motel.

The owners home is an attached two level home set up for two families if necessary. Lockable doors and a spiral staircase separate the two levels. The upper level has a full kitchen, dining, and living room that are open room construction. A full bath, and two bedrooms round out the second level. This upper level has a nice view of the property and has a back door that is walk out to the back yard. The ground level has a kitchen, living room, bath, and one bedroom along with access to the office.

The booking software and computer system are included in the sale. All website rights, logo’s and brand identity are also included. The office has a separate entrance that does not affect the private residence. Included is a small inventory of yard and lawn equipment as well as all the linens and items needed for each room.

This is a complete ‘turn-key’ operation. Bookings are being taken daily and is business as usual making this the perfect operation for someone to purchase, walk in and take over.

Asking: $999,000.00 Cash or Bank financing. A local lender has interest in helping the new buyer.
A Non-Disclosure Agreement must be signed and returned to my office to release data on this property.

**Information Herein Deemed Reliable But Not Guaranteed.**
**Subject to Change at Any Time.**

Mike Wolfe

Mike Wolfe
Southern Minnesota Commercial Agent
Rochester, MN