6. Commence Inspections

Consider these factors in order of importance.

  1. Know your purchase price limit
  2. Popularity of town to visitors
  3. Location within the town - is paramount
  4. Pull up appeal
  5. Number of repeat customers
  6. Condition - reflects the true existing business and what yield you will pay
  7. Compliance of property to current regulations & ordinances
  8. Competition - sets your room rate
  9. Main website booking agents eg Wotif etc.
  10. Existing marketing in place
  11. Restaurant and hours it opens
  12. Size of residence - don't forget this - it probably should be near the top of the list

Download Software Worksheet Assistance:

This free software will assist you to in assess if the Motel Industry is for you.

However, we strongly suggest if you are serious about purchasing a motel consider using our specialised Priority Software.