Need Help Selling a Hotel, Motel or Inn Business?
Remote & smaller market hotels, motels & inns are unique businesses that require unique solutions when it comes time to sell.
My “Business Exit Solutions” let you choose from two different levels of service that give you a variety of tools you need to professionally sell a remote or smaller market Hotel, Motel or Inn Business in the most efficient, cost effective way.
Hotel, Motel & Inn Business Exit Solutions
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Pre-Planning For Your Sale
Level 2 is the perfect solution for owners who are in the beginning stages of planning for their sale. I'll help you understand your market value and how you can improve it. The commercial real estate appraisal will not only inform you on the value drivers for businesses like yours, but it will also provide a detailed, well supported value opinion that will assist you during sale negotiations.
For Sale By Owner Like a Pro
For those owners who plan on completing a "For Sale by Owner" transaction, my "Business Exit Solutions" will have you organized like a pro. Level 1 is for the pure "do it yourselfers". You have access to free resources as well as an effective for sale marketing platform. Level 2 offers added professional support from a specialist in your industry.
I love teaming up with Brokers/Agents who would like help with their hotel, motel or inn for sale listings. I can help with valuation, data support, finding buyers and more. My Marketplace is the #1 place in North America to advertise one of these highly specialized businesses for sale. It's important that you get national and international exposure for these unique properties.
Effective For Sale Advertising Specifically For Hotels, Motels & Inns
Most realtor and business for sale websites are not designed to specifically attract buyers interested in hotels, motels & inns. The majority of these specialized buyers come from outside the region that the business is located in. In order to reach the most potential buyers you’re going to need national and international exposure for your for sale listing. If advertised for sale in my Marketplace, your listing won’t be mixed in with a bunch of unrelated for sale listings and will get both national and international exposure. 100% of site visitors to my Marketplace are searching for Hotels, Motels & Inns For Sale. The marketplace currently receives 11,000+ page views per month.
Level 1: FREE
I offer all of the items listed below for FREE to support the remote & smaller market hospitality industry:
ADVERTISE YOUR BUSINESS FOR SALE:
With my free option you’ll prepare your own for sale listing and photos. Complete the For Sale listing form found HERE. Once you’ve prepared your free for sale listing and emailed the document and pictures to me, I’ll setup your listing in these 3 sections of my site:
1. All North American Hotel, Motel & Inn For Sale Listings Section.
2. All Canadian or All American Hotel, Motel & Inn For Sale Listings Section.
3. Your Hotel, Motel or Inn listing will also be included in your specific Province or State section.
I’LL EMAIL YOUR LISTING TO MY LIST OF INTERESTED BUYERS:
Every month I receive numerous inquiries from buyers looking to enter the remote & smaller market hospitality industry. I’ll email your listing to my list of subscribers interested in buying hotels, motels & inns.
SALE MEMORANDUM DOCUMENT:
When preparing your business for sale, you will want to present the most accurate, up-to-date information about the business for prospective buyers. Known as a selling memorandum, this document is a marketing piece designed to highlight all aspects of your business. With my free option you’ll prepare your own sale memorandum. A template can be found HERE.
HELPFUL RESOURCES & TEMPLATES:
My site provides many helpful resources that will help you navigate the sale process:
Sale Preparation Guide – The contents will be invaluable to buyers, sellers, investors, lenders, advisors, and many others.
Articles & Publications – Articles & publications to support hotel, motel & inn industry participants.
More Tools and Templates – Example Checklists & Templates for the Purchase or Sale of a Hotel, Motel or Inn.
Level 2: $4,250 plus travel costs (if applicable) & tax
Everything you need to sell – for less than $5,000.
Having proper support for your asking price is very important – Did you know the vast majority of remote & smaller market hotel, motel & inn listings sell for 20-25% under their asking price? Not understanding market value causes these properties to often sit on the market for 2+ years.
In addition to all of the free items included in Level 1 above you’ll receive the following:
COMMERCIAL REAL ESTATE APPRAISAL:
The key component in Level 2 is the Commercial Real Estate Appraisal of your hotel, motel or inn to help you determine your asking price and have data to support it during negotiations. I have data on hundreds of hotels, motels & inns across North America and can put together a solid analysis of your business that will support you during sale negotiations.
An in-person inspection is not 100% necessary as it can add a significant amount to the overall cost due to the remote location of many of the businesses I serve. Photos and other details may be provided instead but foregoing an in-person inspection can lead to a less credible opinion of value.
FOR SALE LISTING AND SALES MEMORANDUM PREPARATION:
I’ll prepare your for sale listing for you utilizing the details and good quality photos from the appraisal report. I’ll also prepare your Sales Memorandum Document for you that you’ll provide to interested buyers.
I’ll be on standby for you throughout the sales process if you have questions that arise or need additional support for your asking price. I have relationships with realtors, accountants & lawyers across Canada and the US and can offer recommendations and engage their services on your behalf.