Motel Property in Union City, TN!

Union City, TN
Obion County

Asking Price: Annual Revenue:
$3,900,000 Not Disclosed

Services: Hotel, Motel, Lodging

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RE: Motel Property in Union City, TN! Broker: Kavita Purohit

Quick Facts

Asking Price: $3,900,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 546233274
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

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, 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.

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 not 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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