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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