Contact info

• 423-664-1550 [Office] 

Description

PRICE REDUCTION $60,000!!! The subject property contains three buildings which includes a sports bar and restaurant and 15 motel rooms. The main building includes a restaurant, bar and pool tables and video game machines. The second building has 6 motel rooms which include three double-double rooms and three one double bed rooms. The third building was designed for extended stay. It has 607 sf which includes a living room, kitchen area, bathroom and two bedrooms. Attached are 5 quarters of Profit and Loss results. The sports bar income has grown 67% from the 4th quarter of 2010 to the 4th quarter of 2011! See the 2012 results in this brochure. The restaurant and bar portion of the main building is about 3,000 sf. The restaurant and bar is fully equipped with tables, seating and kitchen equipment and utensils. The Listing agent has a inventory list of the kitchen equipment and also of the motel equipment and supplies. The sales price includes the restaurant equipment but not inventory. All three buildings have new roofs. The equipment list shows about $180,000 equipment. The owners spent about $75,000 when they refurbished the restaurant into a sports bar. The business can be bought separately with the buildings and equipment being leased. The traffic count is about 14,000 cars per day on Hwy 127 and 8,700 on Hwy 111. The List Agent has on file the following: hotel and restaurant equipment inventory list, building layout sketch and parcel map. Building price details: $399,000.

Property Details

• Building Name:Valley Inn and Sports Bar
• Type: Hotel & Motel
• Use Types:Inn
• Status: Available
• Year Built: 1952
• Year Renovated: 2010
• MSA: Chattanooga
• Zoning: COMMERCIAL
• Buildings: 3
• ConstructionBlock

Exterior Features

• Parking Type: Surface

Terms

• Cash to Seller 

Agent

Map Locations