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Beautiful Hotel -- Owner Financing
| Asking Price: | $1,625,000 | Inventory: | |
| Gross Revenue: | $450,000 | Real Estate: | n/a |
| Cash Flow: | $155,000 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
Owner will finance -- $400,000 cash down. This 52 room franchise hotel is located in Memphis, Tennessee on three acres of land. Hotel was built in 1999 and renovated in 2008. The renovation included new carpet, paint and "knockdown" texture, new vanities, bedding, curtains, and appliances. Also, new in 2008 was the boiler and ice machine. The 2008 revenue was $450,000 and 2009 is on track to do the same. The 2008 ADR was $66.69 per room. The owner’s benefit for 2008 was $155,000. There is another $60,000 that went to employees for payroll. The business is 20% sales professionals, 30% travel/vacation, 20% construction workers & contractors and 30% walk-ins. This is a beautiful hotel that will make a great investment for a family. Memphis is a nice area and is growing.
About the Sale
Seller Financing:For $400,000 cash down
Sell Your Business | This listing has been viewed 141 times
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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