Independent Motel For Sale in Metro-Memphis, TN!!

Covington, TN
Tipton County

Independent Motel For Sale in Metro-Memphis, TN!!


Asking Price: Annual Revenue:
$579,000 $218,000

Services: Hotel, Motel, Lodging


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RE: Independent Motel For Sale in Metro-Memphis, TN!! Broker: Kavita Purohit

Quick Facts

Asking Price: $579,000
Annual Revenue: $218,000
Net Profit: Not Disclosed
Cash Flow: $162,620
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 378833274
Broker Reference #: Covington579k

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Business Overview:

2020 Sales for the motel was $218,000! Seller's family 100% operates the property.

30 rooms plus 1 manager suite (2 bedrooms, living room, kitchen, dining area, and 3 bathrooms all connected).

Occupancy rate is 70%! At least 17 rooms have weekly extended stay customers.

Renovated 2019 new flat 40” screen TVs, new beds, new blinds, new curtains!

45 mins away from Memphis, TN!

Covington is the county seat and the largest city in Tipton County with a population and trade area of 61,366!

Located in the heart of the city, close to Tootsie Roll Industries (3 mins away), Unilever Covington Ice Cream Factory (7 mins away), and Historic Theatre (3 mins).

Alex Haley Museum and Interpretive Center and Mid-South Military Museum (16 mins away) are cultural highlights, and some of the area's activities can be experienced at Cobb-Parr Memorial Park (less than a mile) and Covington Country Club (6 mins)

Conveniently located on a major highway! Only 1 hour from Memphis International Airport.

Asking Price for the Motel Property is $579,000!

If interested, please email your full name and best contact number to us.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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