Business For Sale Listing 115783
Motel
Status as of Nov-21-2008 at 06:07 PM: Off The Market
Business Summary
This motel and restaurant in Houston County, Tennessee, is in a great location and has room for expansion to continue serving the growing community. The site was constructed as a resort in the 1950s for people visiting Kentucky Lake and the Tennessee River. This is the only motel and restaurant for miles. It is known for its hard-working, friendly employees, great food and quality service. It has a wide selection of fresh, home-cooked foods, including lobster tails and steak. People come from 30-40 miles away to eat at the restaurant, which also hosts numerous receptions and parties.
The seven-room motel is located on five acres on a state highway. The rooms are large, comfortable and decorated in a nostalgic style. The restaurant has a 100-person seating capacity and a large banquet room with a 70-person seating capacity. Both the motel and restaurant have room for expansion to keep up with the growing community. The area is known for its vast recreation, such as biking, hunting, fishing and hiking.
At least one of the owners might be willing to stay on for up to 30 days following the business sale to facilitate a smooth transition.
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Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($348,392) |
| Profits: |
Operating at Breakeven (o) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $500 Thousand and $1 Million ($775,000) |
