: Check the "hidden" areas of the property; if the staff areas are clean, the rest of the motel likely is too.
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 buying a motel
: Be prepared for a "24/7" lifestyle where your home and work life are fully integrated. : Check the "hidden" areas of the property;
: Hire specialized professionals (brokers, accountants, solicitors) who understand the hospitality industry. 💡 : Check the occupancy reports for the
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.
💡 : 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.