Third Highest Grossing Hotel -Well Known Franchise

Pigeon Forge, TN
Sevier County


Asking Price: Annual Revenue:
$13,017,282 $2,417,897

Services: Hotel, Motel, Lodging


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RE: Third Highest Grossing Hotel -Well Known Franchise Broker: Jeff Cunningham

Quick Facts

Asking Price: $13,017,282
Annual Revenue: $2,417,897
Net Profit: Not Disclosed
Cash Flow: $962,233
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $8,275,000
Year Established: 1983
Employees: 15
BBN Listing #: 876358549
Broker Reference #: 94356-832542

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Business Overview:

Third Highest Grossing Hotel In The Nation for this well known Franchise. Completely remodeled in 2017 and nestled in the Great Smokey Mountains. Located directly on the world famous "Parkway" at the center of Entertainment Island, the premier tourist/family vacation location. The Island at Pigeon Forge attracts over 10 million visitors each year and the national park an additional 12.5 million visitors. The 2 acres of Real Estate alone appraised at $8,275,000 in 2019. Sevier County has the second lowest property taxes in the state totaling only $40,000 a year for this entire property. The Hotel consistently sells out AND over 40% of reservations are booked directly through the Franchise marketing website, operated by the Franchisor. The hotel features 142 Rooms, private owners suite, pool, on site laundry and again directly centered on the tourist/vacation strip. Double digit growth annually for the past five years.

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Reason for Selling:

Relocation

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 a franchise resale opportunity.

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