Hot Listing
Duluth’s Only Hostel for Six Years Ready for a Fresh Face
Business Description
Turn-key, self-sustaining, seasonal business (June-Oct).
4.7 Google review score :)
I opened this hostel in November of 2018. It has been a really rewarding venture, with endless opportunities to meet all kinds of people. I expanded it in December of 2020 with the acquisition of an adjacent building that included a parking lot. With the sale of that building- mitigating some overhanging debt from the renovation of it- I have decided that the hostel is ready to be handed over to someone who can give it a fresh face again. It comes with everything you need to be running it yourself in no time at all. All financials are available and will drop them in below. Located in historic building in downtown Duluth, MN, an ideal location close to most everything. Building is leased, but could easily be purchased from the owner, or a new long-term lease can be renegotiated.
Our website or Google are the best place to see pics!
hosteldunord.com
I opened this hostel in November of 2018. It has been a really rewarding venture, with endless opportunities to meet all kinds of people. I expanded it in December of 2020 with the acquisition of an adjacent building that included a parking lot. With the sale of that building- mitigating some overhanging debt from the renovation of it- I have decided that the hostel is ready to be handed over to someone who can give it a fresh face again. It comes with everything you need to be running it yourself in no time at all. All financials are available and will drop them in below. Located in historic building in downtown Duluth, MN, an ideal location close to most everything. Building is leased, but could easily be purchased from the owner, or a new long-term lease can be renegotiated.
Our website or Google are the best place to see pics!
hosteldunord.com
About the Business
- Years in Operation
- 7
- Employees
- 3
- Facilities & Assets
- Facilities include a 6,000 sq ft commercial building, 36 bunks, kitchen furnishings and appliances, a sauna, cold plunge tank, and more.
- Website
- https://hosteldunord.com/
- Market Outlook / Competition
- There is currently very little if any competition in the area. Cheap motels maybe, but we honestly provide a much better experience than they can.
- Opportunities for Growth
- Could be expanded to include airbnbs as well.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 6,000
- Rent
- $2,750.00 per month
About the Sale
- Seller Motivation
- I am ready to move on to something that is more in line with my current life pur
- Transition Support
- I would be willing to assist in the transitioning of this business to a new ownership.
- Financing Options
- I would take 50% down and finance the rest over 5 years
Listing Info
- ID
- 2331514
- Listing Views
- 13350
Business Location
Listing ID: 2331514 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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