Motel For Sale in Metro Memphis, TN!

Covington, TN
Tipton County

Motel For Sale in Metro Memphis, TN!

Asking Price: Annual Revenue:
$649,000 $200,000

Services: Hotel, Motel, Lodging

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

Quick Facts

Asking Price: $649,000
Annual Revenue: $200,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: $130,000
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 382133274
Broker Reference #: TNMotel649k

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Business Overview:

Motel property is generating $200,000 per year in revenue! 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!

The largest city in the county with a population and trade area of 61,366!

Located in the heart of the city, making it easy to visit Tootsie Roll Industries, Unilever Covington Ice Cream Factory, Historic Theatre.

Alex Haley Museum and Interpretive Center and Mid-South Military Museum 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

Conveniently located on HWY 51.

Only 1 hour away from Memphis International Airport.

Asking Price for the Motel Property is $649,000.

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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