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Charming Inn And Conference Center Near Smoky Mtns
Location: United States -> Tennessee
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

One of the crown jewels in the hotel business is now for sale. This listing is a family owned inn founded and built over 40 years ago. The motel is located at one of the gateways to the Smoky Mountains, a tourist haven that annually sees millions of people visiting every year. The real estate and buildings, FF&E, cash flow and goodwill are all included in the sales price. This well-established resort has plentiful rooms, an outdoor pool and a spacious conference center for meetings. The owners are ready to retire and will help transition to the right buyer. The seller is looking for a buyer who is family oriented and is not an -institutional- investor.
The firm is a 40 year-old established brand that has incredible reviews and repeat clientele along with new tourists coming every year. There is little to no competition like this hotel based on their longevity and customer service.
Growth strategies include a more aggressive and focused regional marketing campaign to add to the solid clientel base. Also adding additional levels/rooms on the existing buildings, which could be done in a very economical manner.

Location, Location, Location: this hotel has scenic views into the Smoky Mountains and the real estate, furniture, equipment is all included in the asking price.


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $1,305,839
Cash Flow:   $722,619
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2020
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  retirement

Photos

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Charming Inn And Conference Center Near Smoky Mtns Photo 1




Print Listing Id: 700371669
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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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