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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.


Financials

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

Photos

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Prominent Hotel Second Highest In The Franchise Photo 1




Print Listing Id: 700371721
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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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