Buy a business for sale or sell a business for free. Find businesses for sale, franchises, business brokers & commercial loans.

Advanced Search  |   Listings By Email  |   Message Boards  |   Professionals Directory  |   Loans & Financing  |   Business & Mortgage Notes  |   Buyer Resources

Cruise Planners / American Express Franchise Opportunity

Rapid Recovery Franchise Opportunity

Fresh Coat Painters Franchise Opportunity

Business For Sale Search Results

New Search

Get Free Information on all of the Top Franchises

Ask questions in our Entrepreneur Forums

Get a Business Loan

Prominent Hotel Second Highest In The Franchise
Location: United States -> Tennessee
Industry: Hotels and Holiday Accommodation > Hotels

Business Summary

Second Highest Grossing Hotel In The Nation For this Franchise/Flag. Completely remodeled Rooms/Suites in 2017. Premier location right on the strip of the Nation's Largest Tourist Destination. 61,890 sqft. Sale Price Includes 1.91 Acres valued ALONE at $11,016,000.00. Property taxes amounting to only 54k per year. Over 33% of reservations are booked directly through the Franchise marketing website, a service provided by the Franchisor. 142 Rooms/Keys, Outdoor Pool, on Site Laundry and again centered directly on the tourist/vacation strip. Double digit growth annually for the past five years. Growth Rate of 88% from 2020. Growth Rate of 47% from 2021. Two years remaining under the current flag. Bank Appraisal Completed January 5th 2022. EBITDA of $1,676,626.07. EBITDA Calculated assuming Complete Management/Absentee Ownership by doubling total wage expense to total $537,141.98. PPP Loans Removed from EBITDA Calculation. CAP Rate 11.75%. Price is equal to the land value plus 1.95x EBITDA. Contact for more details. No Owner Financing available at this time. Proof of Funds and and an Escrow Deposit (Fully Refundable during the Due Diligence Time Frame) will be required to go Under Contract.


Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   $3,412,182
Cash Flow:   $1,786,626
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $484,000
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

About The Sale

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


View Larger Photo(s) Of Business
Prominent Hotel Second Highest In The Franchise Photo 1

Print Listing Id: 700371721
Can't Find Your Dream Business? Get Free Franchise Information on all the top franchises, Post a Free Wanted Ad on our Message Boards, Get New Listings sent to you, or try our Advanced Search.

Don't forget to Sign up for our Newsletter and get free tips on how to buy or sell a business from the leading industry experts!

Advertise Your Business For Sale   Free Listing!

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

Click here to post a free "business wanted" message to the Message Boards.

Click here to get new business for sale listings emailed to you automatically.

Contact the Seller
* All fields are required
Re: GlobalBX ID: 700371721
Your Role
Buyer Type
Experience Level

Yes! I want my FREE e-book and newsletter.
Do Not Send Spam
GlobalBX does not tolerate unsolicited commercial email or "spam". If you are not a potential buyer of this business, do not use this form.