Charming Inn and Conference Center near Smoky Mtns

Not Disclosed, TN
Knox County


Asking Price: Annual Revenue:
$5,950,000 $1,305,839

Services: Hotel, Motel, Lodging


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RE: Charming Inn and Conference Center near Smoky Mtns Broker: Doug Kose

Quick Facts

Asking Price: $5,950,000
Annual Revenue: $1,305,839
Net Profit: Not Disclosed
Cash Flow: $722,619
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 871754611
Broker Reference #: 5182-704673

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Business Overview:

One of the crown jewels in the hotel business is now for sale. This listing is a family owned inn founded and built over 40 years ago. The motel is located at one of the gateways to the Smoky Mountains, a tourist haven that annually sees millions of people visiting every year. The real estate and buildings, FF&E, cash flow and goodwill are all included in the sales price. This well-established resort has plentiful rooms, an outdoor pool and a spacious conference center for meetings. The owners are ready to retire and will help transition to the right buyer. The seller is looking for a buyer who is family oriented and is not an “institutional” investor.
The firm is a 40 year-old established brand that has incredible reviews and repeat clientele along with new tourists coming every year. There is little to no competition like this hotel based on their longevity and customer service.
Growth strategies include a more aggressive and focused regional marketing campaign to add to the solid clientel base. Also adding additional levels/rooms on the existing buildings, which could be done in a very economical manner.

Location, Location, Location: this hotel has scenic views into the Smoky Mountains and the real estate, furniture, equipment is all included in the asking price.

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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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