Conservatively priced | Transition Ready | Perfectly Positioned

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04/04/2018

Turnkey, currently cash-flowing. 4200 sf, 6 bed, 4 bath, 500 sf front porch, pool, deck. Low expense drag, defined systems, & positive cashflow position a new innkeeper to enjoy a low-risk transition. 42.6% profit margin, 56% occupancy rate. Proper zoning and licensing & historical designation. No deferred maintenance. Minutes from education, lifestyle, and leisure. Furnished. Knoxville TN

AirBNB ordinance limiting short term rentals to owner occupied properties is in effect in Knoxville!

Email for offering memorandum: marblehillbnb@gmail.com

Full details:

A synthesis of historical & social relevance, creative energy, and stabilized cashflow await the next steward of the Marble Hill Inn Project. Ideally positioned and enjoying curiously strong growth this is a select opportunity for a creative host to acquire a piece of history and an iconic position within an alluring community.

FINANCIAL PERFORMANCE: Low expense drag, proven defined systems and processes, and significant growth opportunity coupled with healthy existing returns position a new innkeeper to enjoy a low-stress low-risk transition. 42.6% profit margin, out performs inn's of similar size despite not being operated at optimum capacity. 56% occupancy rate with an upward trajectory.

CONTRIBUTION: Movie backdrop. Celebrity lodging. Creative workspace. Meeting space. Vacation destination. Collaborative project environment. This isn’t just a B&B, it’s a cherished community asset that consistently keeps Knoxville on the radar. Work space and lodging that seduces then inspires the creative mind: a stunt traditional lodging cannot replicate. A social experience and position will convey with the Inn minimizing any volatility to ownership transition potentially created.

ZONING & LICENSING: The proper licensing and zoning to operate as a bed and breakfast is in tact. The business will convey with the property.

CONSTRUCTION: 4200 sf, 6 bedroom, 4 bath, 500 sq ft front porch, 18' round pool with deck and patio, on and off street parking. Current configuration boasts a garden level suite completed with full kitchen, living room, two bedrooms (easily expandable to three), full bath, and private entrance.

MAINTENANCE: No deferred maintenance/Pro-active maintenance efforts. Newer mechanicals and roof.

LOCATION: Knoxville’s savvy, intentional, and ethical civic growth momentum provides perfect conditions for the Marble Hill Inn Project to expand its cultural impact and revenues. Knoxville is the south-east’s up-and-coming destination city and the Marble Hill Inn Project is a tenured component of its pulse. Positioned as an on-trend destination location. Little to no competition as the Marble Hill in is the ONLY licensed B&B in close proximity to downtown. AirBNB ordinance limiting short term rentals to owner occupied properties is in effect in Knoxville!

HISTORY: The history of this home has been researched and documented. There are historical architectural elements that have been authenticated and a large variety of items original to the home.  The home has the necessary zoning to be protected as a historical asset of the city.

Email for offering memorandum: marblehillbnb@gmail.com