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Motel Property In Union City, Tn
Location: United States -> Tennessee
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

Property Highlights:
Rooms: 71
Occupancy Rate: 60%
ADR: $65
2019 Revenue: $1M
2019 Net Profit: $300,000
2021 Expected Revenue: $900,000

Property is being run on an extremely high payroll at over $317,000! For a well-run property, payroll should not be more than 22% of Revenue. That means an Owner-Operator can save approximately an additional $100,000 in excess payroll saved not counting the Owner-Operator's personal payroll!
Buyer does not need to pay any franchise royalties!
Interstate-69 is being expanded to Union City, TN! Huge influx of traffic will dramatically increase sales! This Property will become an interstate exit property!
2 hours from Memphis,TN! 2h 45min from Nashville, TN!
Near to the University of Tennesee Martin campus! Museum and Heritage Park with Masquerade Theatre and Baptist Memorial Hospital. Also near to Three Rivers Wildlife Management area and White Squirrel winery and vineyard, and a state park with significant lake tourism.
Asking Price for the Property: $3.9M.
After visiting the business, please call us anytime to discuss or make an offer.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2020
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Yes
Current Real Estate:  Owned

Photos

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Motel Property In Union City, Tn Photo 1




Print Listing Id: 700367127
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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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