Franklin, Macon County, North Carolina

Business Type: Hospitality / Hotels and Motels

Asking Price: $305,000

Real Estate: Owned

*Included in asking price

Building SF: 13,070

Established: 2015

Business Description

Nice 21 room motel in the Gem Capital of the World!

Great opportunity to buy an established, turnkey one-story 21 room exterior corridor motel with owner / manager suite, located in the Franklin area, known locally as the “Gem Capital of The World.

Franklin’s rate of population growth is nearly 12% higher than the national average. Located in the Great Smoky Mountains, Franklin is situated more than one hour from Asheville and two hours from Atlanta, Knoxville or Greenville, South Carolina. Due to its proximity to cities and its rural feel, Franklin is fast becoming a location of choice for those seeking retirement, recreational, permanent, or second homes. This motel is a great investment for family-run business, passive income, or additional income after retirement!

The Franklin Gem and Mineral Museum, free to the public with excellent gems and minerals exhibits is only within 10 mins drive of this motel. Tourists visit Franklin for the famous jewelry and gem show, “Macon County Gemboree” hosted twice a year. Franklin is also an official Appalachian Trail-friendly destination with surrounding mountains lined with many hiking trails including the famous Appalachian Trail and the Bartram Trail, both crossing over Wayah Bald, great for sightseeing. Nature lovers can enjoy water falls including the Cullasaja Falls, Dry Falls, Bridal Veil Falls, and Quarry Falls. Within 1 hour away is the divine Sri Somesvara Temple, a Vedic Shiva temple at the center of Mount Soma, a community commonly referred to as “Mount Kailash of the West,” located in the Blue Ridge Mountains of western North Carolina. Visitors travel great distances to experience Sri Somesvara’s powerful Linga, profound silence, and timeless vibrations. New owner can provide a great abode for tourists to discover the beautiful natural world, and lots of history and museums around!

Most of the current booking happens through Booking.com and Expedia.com. Immediate revenue upside potential of ~ $125,000 is possible with family or owner-operated, sales and marketing efforts.

For more details, please call (919) 428-9840. Information in this listing has been provided by the seller and third parties, and is subject to change without notice. Buyer must independently verify this information, and we assume no responsibility for its accuracy or completeness.

Detailed Information

Employees: 2

Facilities: Total Acreage: 0.78 acre; Total Sq Ft: 13,070. One-story exterior corridor motel with 21 rooms features owner/manager’s suite with substantial parking. The heat pump (12,000 BTU) and AC units (9,000 BTU) are only 5 years old and the rooms have a TV, refrigerator, and microwave. One of the 21 rooms is currently used for storage but can be rented out.

Competition: This motel is located in Franklin, North Carolina and has numerous restaurants and shopping within walking distance. Franklin’s rate of population growth is nearly 12% higher than the national average. Located in the Great Smoky Mountains, Franklin is situated more than one hour from Asheville and two hours from Atlanta, Knoxville or Greenville, South Carolina. Due to its proximity to cities and its rural feel, Franklin is fast becoming a location of choice for those seeking retirement, recreational, permanent, or second homes. New owner can provide a great abode for tourists to discover the rich history and beautiful natural world in and around this great town. Owner operator can expect higher occupancy rate and cash flow. Ideal investment for family-run business, passive income, or additional income after retirement!!

Growth & Expansion: Turnkey operation. Immediate revenue upside potential with family or owner-operated, good management, sales and marketing efforts.Financing:Seller financing may be available to a qualified buyer.

Support & Training: 1-2 weeks training

Reason for Selling: Absentee owner

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