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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.
In 2023, the firm generated $248,600 in revenue from a range of services; 20 individual tax returns accounted for $130K of revenue (52%), 12 C Corps, S Corps, Partnership and Gift returns earned of $54K of revenue (21%). Monthly accounting services revenue totaled $64K of revenue (27%). We are seeking a Buyer that can deliver a similarly high level of service the clients are accustomed to. The Seller has prepared detailed schedules to track and organize tax and financial matters and are willing to assist with the transition as needed. They would prefer to hand off the bulk of the work after the 10/15/24 deadline. The ideal buyer is a seasoned CPA with 10 or more years of experience working on highly complex 1040, business and trust tax returns or a CPA firm looking to scale their business and increase their client base. Sunbelt Listing ID: 55079
This territory west of the metro area has long standing relationships in the community and a continuous flow of repeat customers. •200k cash flow with increase each of the last 3 years•Large established territory•Ongoing training and support from the Franchisor•Home based and seasonal with 40k of equipment included•Significant growth opportunity in commercial market•Only 50k down with SBA financing for qualified buyersSunbelt Listing ID: 55024
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