Motel Property in Union City, TN!

Union City, TN
Obion County

Union City, TN


Asking Price: Annual Revenue:
$3,700,000 $1,000,000

Services: Hotel, Motel, Lodging


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

Quick Facts

Asking Price: $3,700,000
Annual Revenue: $1,000,000
Net Profit: $300,000
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 #: 788333274
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Current Cap Rate at 8%!

$1M In sales in 2019! The property was closed for half the year in 2020 because of Covid. 2021 sales picked back up to $905,000!

Property Highlights:
Rooms: 71
Occupancy Rate: 54.64%
ADR: $60.66
2019 Revenue: $1M
2019 Net Profit: $300,000
2021 Revenue: $905,000!

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: $3.7M.

Motel Property in Union City, TN! Interstate Expanding to Town! No Franchise Royalties! Cap Rate at 8%

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Property Features and Assets:

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.

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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