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Third Highest Grossing Hotel - Well Known Franchise
Location: United States -> Tennessee
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

Third Highest Grossing Hotel In The Nation for this well known Franchise. Completely remodeled in 2017 and nestled in the Great Smokey Mountains. Located directly on the world famous ''Parkway'' at the center of Entertainment Island, the premier tourist/family vacation location. The Island at Pigeon Forge attracts over 10 million visitors each year and the national park an additional 12.5 million visitors. The 2 acres of Real Estate alone appraised at $8,275,000 in 2019. Sevier County has the second lowest property taxes in the state totaling only $40,000 a year for this entire property. The Hotel consistently sells out AND over 40% of reservations are booked directly through the Franchise marketing website, operated by the Franchisor. The hotel features 142 Rooms, private owners suite, pool, on site laundry and again directly centered on the tourist/vacation strip. Double digit growth annually for the past five years.


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   $2,417,897
Cash Flow:   $962,233
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1983
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  4 weeks
Reason For Selling:  relocation




Print Listing Id: 700353607
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Tennessee Businesses For Sale > Tennessee Franchises For Sale > Tennessee Business Brokers



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