There’s no doubt the Internet has changed the way we do business, and that includes the way we look for business opportunities. It used to be that if you wanted to find a motel for sale by owner, you would simply pick up the Classifieds section of your local newspaper. In many cases, entrepreneurs had to hire a business broker in order to find motels for sale by owner.
Today, if you are looking for motels for sale by owner or you want to learn how to buy a motel, all you need to do is find a business opportunities directory. Most online directories will tell you a lot more than which businesses are for sale. In the case of hotels and motels, they will give you an in-depth profile of the seller’s business and a direct line of communication to request more information. Looking for cheap motels for sale? Then chances are a good “Businesses FSBO” site will offer a wealth of information about motels for sale by owner in your area.
One advantage of working with an FSBO directory - instead of a business broker - is the opportunity to learn more about the inner workings of the business. A business broker often just wants you to buy the motel, and will not always share all the details.
Before you buy a motel for sale by owner, you will need all of their recent health department reports, guest comments, and a thorough inspection of the property. You will need to know why the owner is selling, and a record showing the maintenance and utility costs over the past few years. Running a motel also requires a good bit of experience in a 24/7 industry. This includes the retention of reliable chambermaids, desk clerks and maintenance mechanics.
The right For Sale by Owner directory will give you all the information you need to make a wise decision about buying a motel, without the middleman.