Buying A Motel Access

: Always verify at least three years of financial statements and tax returns.

: Check the "hidden" areas of the property; if the staff areas are clean, the rest of the motel likely is too.

: Understand if you are buying the land and building (freehold) or just the right to run the business (leasehold). buying a motel

If you'd like to dive deeper into the process, I can help you with: A How to evaluate a motel's profit and loss statement The pros and cons of franchise vs. independent motels

Jack and Sarah Miller decided to trade their high-speed corporate lives for a 14-room roadside motel in the Catskills. They were tired of the 9-to-5 grind and wanted a business they could run together while living on-site. : Always verify at least three years of

💡 : Check the occupancy reports for the last 12 months to see seasonal trends before making an offer.

The process began with months of searching for the right property. They finally found the "Blue Pine Motor Lodge," a mid-century building that had seen better days. The owner was ready to retire and offered a competitive price, but the Millers knew they had to be careful. If you'd like to dive deeper into the

Financing was the next hurdle. While banks are often eager to lend for motels because they are seen as solid investments, the Millers had to present a rock-solid business plan. They secured a loan and officially took over the keys on a rainy Tuesday in April.