Asking Only $799k! Motel Property in Spencer, TN only 1 hour from Chattanooga! Net Profit of $10,000 Per Month!
Detailupdate dateMarch 31, 2023 publish DateMarch 31, 2023 Total views 165
Asking only $799,000 plus inventory for the Motel Property in Spencer, TN only 1 hour from Chattanooga!
Minimal Competition! Property is located right next to a Gas Station that brings in traffic! Seller is willing to also sell the Gas Station with the Motel for $999k plus inventory!
Motel Net Profit is about $10,000 per month after paying $4,000 in monthly payroll and all other expenses!
Motel sales are an average of $18,000 per month! Average daily rate is $55 on the weekdays and $100 on the weekends!
Motel has 20 rooms with minimal expenses! Seller does not have a Cable TV expense because all rooms are equipped with smart TVs that only require wifi to provide streaming services (Netflix, Hulu, etc).
Motel payroll expenses are low because the guests check in at the Gas Station! Supply expenses are also low because Seller does not provide any complimentary breakfast.
Seller does ZERO advertising with third party booking websites!
The entire property including the gas station and motel is 2.65 acres. The property will need to be subdivided if you purchase only the motel.
1 hour from Chattanooga! Less than 2 hours from Nashville, TN! 10 mins from Fall Creek Falls State Park, one of the largest and most visited state parks in the entire State of Tennessee!
Asking Price for the Motel only with Property: $799,000 plus inventory!
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to firstname.lastname@example.org
|Gross rental income:||$216,000||$Infinity|
|Net Operating Income:|