Good advice that helps you make informed decisions about a variety of hotel, motel & inn matters
Hotel, Motel & Inn Business Advisory Solution
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Choose your Business Advisory Solution:
All hours are a flat rate fee and good for 180 days:
Email Me to Schedule a Time to Discuss Your Needs
Schedule an appointment.
At the scheduled time, we'll discuss your needs to see if I can be of assistance.
Pick a plan
I'll provide an estimated number of hours to complete your assignment.
Varies by the assignment but generally short reports are provided in PDF form.
Reliable Advice From a Specialist in the Industry.
How My Prepaid Business Advisory Plans Can Help With Your Needs
My Business Advisory Solution isn’t just for major business decisions. Good advice helps you make informed decisions about a variety of hotel, motel & inn business and real estate matters, including but not limited to:
Determining Offer Price For Purchase
If you’ve identified a property you would like to acquire but need assistance determining it’s market value and your offer price, I can assist you with this. Basing your offer price on the asking price of comparable hotel, motel or inns listed for sale would be a mistake. Detailed Hotel, Motel & Inn sales data is hard to come by. I make my living by collecting this data and know the details on many comparable transactions and can help you make an informed offer price.
Analyzing Historical Financial Operating Performance & Identifying Areas with Potential For Improvement
I have a large database of hotel, motel & inn historical financial data that has been analyzed utilizing the percentage of sales method. The percent of sales method is a financial analysis model in which all of a business’s financial line items like costs of goods sold, wages & benefits, and insurance — are calculated as a percentage of sales revenue. I’ll compare the subject operation with up to 6 comparable operations to show how the subject’s revenue & expenses compare. This analysis enables us to identify areas with potential for improvement.
Preparing Financial Projections
Realistic financial projections are an important part of a well prepared business plan. As mentioned above, I have a large database of hotel, motel & inn historical financial data that has been analyzed utilizing the percentage of sales method. I can assist you by utilizing those percentages to prepare future revenue & expense estimates for each line item. We’ll aim to mirror the operating performance of well organized comparable hotel, motel or inns.
Identifying Acquisition Targets
If you’ve scanned the online for sale listings and don’t see any properties that fit your acquisition criteria, I can assist you in developing a list of potential acquisition targets and reach out to them on your behalf. If you aren’t quite sure about your acquisition criteria, I can help you develop one that will enable you to easily filter out options that don’t fit your ideal acquisition.
Business Plan Preparation
Get your hotel, motel or inn on the way with a business plan professionally prepared, and fast. Whether you need a business plan for mortgage financing or you simply want to have a road map for further growth of your existing business, you can rely on me to develop a unique business plan for you.
Market & Industry Research
Make informed decisions with a customized research report. Market & industry research is essential to understanding customers, industry, trends and competition. Let my Market & Industry Research help you find the answers.
There is a lot of competition among hotels, motels & inns to secure and maintain guests, and many factors that lead a guest to select one location over another. As such, it is helpful for hotels, motels & inns to regularly assess the marketplace and their competitiveness in the market. One tool for analyzing a hotel, motel or inn’s competitive market position is the SWOT analysis. SWOT stands for Strengths, Weaknesses, Opportunities and Threats. This tool utilizes data to provide a realistic overview of the market and competitiveness. The SWOT analysis can provide a snapshot of current conditions for business.
- All clients are limited to 10 hours a week unless time permits more. All consulting hours purchased are a flat rate fee and good for 180 days. Hours can be used toward a specific project or as situations arise.
- Turnaround time is a UP TO 10 business days; however, the majority of assignments (depending on size) are completed within 5 business days.
- Initial discussion meetings do not count toward the number of hours used. Under most circumstances hours go completely toward your requested task.