Motel Property In Union City, Tn

www.GlobalBX.com

Listing ID: 700367127

Listing Title: Motel Property In Union City, Tn

Quick Link: http://www.globalbx.com/listing.asp?bId=367127

Industry: Hotels and Holiday Accommodation

Industry Segment: Motels

Country: United States

State / Province: Tennessee

Area

City:

Asking Price Range: $2.5M - $5.0M

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: EBITDA

Year Established: 2020

Number of Employees: 6 - 9

Business Description:
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.



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