Honda of Chattanooga - Motorcycle Dealership

Business Opportunity for Sale
Catylist Listing ID: 30585201
Property Subtypes: Transportation
Building Size (RSF): 26,160 SF
Sale Price: $5,500,000
Name of Establishment: Honda of Chattanooga - Motorcycle Dealership
Business Website Address: https://hondaofchattanoogatn.com/
Franchised Business: Yes
Franchise Parent Name: Honda
Year Business Established: 1964
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: Price Includes the Business, Inventory, FF&E and all Real Estate (4915 Hwy. 58 & 4978 Gold Wing Way). Financials on the Business are available by request only with a signed Confidentiality Agreement. Email or call the Listing Agent to request a Confidentiality Agreement. The Real Estate can be purchased or leased separately from the Business/Dealership if desired.
Last Updated: 3/31/2020

Overview / Comments

Located in Chattanooga, TN Honda of Chattanooga has been a family owned Honda dealer here in southern Tennessee for over 50 Years! Their doors opened up as a Honda Motorcycle Dealer in 1962. The main building, built in 1998, consist of approx. 20,560 SF. of Showroom / Parts / Service / and Warehouse areas. There is a separate storage/warehouse building, built in 2006, which has approx. 5,600 SF for a total of approx. 26,160 SF. The dealership sits on approx. 2 acres of land located at 4915 Hwy. 58 in Chattanooga TN. There is a separate parcel of land located at 4978 Gold Wing Way zoned C-2 and M-3 containing approx. 4.4 acres +/- of flat level graded property that sits directly behind the dealership building that has a Cell Tower with monthly income. Financials on the Business are available by request only with a signed Confidentiality Agreement. Email or call the Listing Agent to request a Confidentiality Agreement. Price of $5.5 Million includes the Business, Inventory, FF&E and all Real Estate (4915 Hwy. 58 and 4978 Gold Wing Way). The Real Estate can be purchased or leased separately from the Business/Dealership if desired. Honda of Chattanooga is still operating in the Building so all showings are by Appointment ONLY with advance notice. Square footage and acreage is taken from the Tax Records and is deemed reliable but not guaranteed. Listing Agent has not measured the space / building and does not guarantee the accuracy of the number of square feet or acreage. Square feet and acreage need to be verified by Purchaser / Tenant.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Industry Segment: Other Transportation
Reason for Selling: Retirement.
Value of Inventory Included ($): $500,000
Value of Furniture, Fixtures, and Equipment ($): $500,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $3,550,000
Real Estate Lease Description: Lease price is $18,000 per month NNN for the Real Estate and Buildings located at 4915 Hwy. 58 (does not include the 4.4 acres located at 4978 Gold Wing Way). The Real Estate can be purchased or leased separately from the Business/Dealership if desired.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,269 30,300 115,206
Median Age: 40.27 42.55 40.28
Households: 3,233 13,127 47,803

Contact

Photograph of Listing Agent

Russell P Elliott

Pointe Commercial Real Estate Greater Chattanooga REALTORS® Member
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