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Listed by:

Transworld Business Advisors of Nashville

Prominent Hotel Second Highest Franchise System For Sale

Tennessee, US
Asking Price:
$14,269,158 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,412,182
Cash Flow:
$1,786,626

Second Highest Grossing Hotel In The Nation For this Franchise/Flag. Completely remodeled Rooms/Suites in 2017. Premier location right on the strip of the Nation's Largest Tourist Destination. 61,890 sqft. Sale Price Includes 1.91 Acres valued ALONE at $11,016,000.00. Property taxes amounting to only 54k per year. Over 33% of reservations are booked directly through the Franchise marketing website, a service provided by the Franchisor. 142 Rooms/Keys, Outdoor Pool, on Site Laundry and again centered directly on the tourist/vacation strip. Double digit growth annually for the past five years. Growth Rate of 88% from 2020. Growth Rate of 47% from 2021. Two years remaining under the current flag. Bank Appraisal Completed January 5th 2022. EBITDA of $1,676,626.07. EBITDA Calculated assuming Complete Management/Absentee Ownership by doubling total wage expense to total $537,141.98. PPP Loans Removed from EBITDA Calculation. CAP Rate 11.75%. Price is equal to the land value plus 1.95x EBITDA. Contact for more details. No Owner Financing available at this time. Proof of Funds and and an Escrow Deposit (Fully Refundable during the Due Diligence Time Frame) will be required to go Under Contract.

Business Operation

Reasons for selling:

relocation

Trading hours:

24/7

Employees:
14
Years established:
1983

Other Information

Support & training:

4 weeks

Furniture / Fixtures value:
$484,000 - included in the asking price

Listed by

Transworld Business Advisors of Nashville

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