When you put up a yard sale at home, aren’t you careful about making a nice presentation? After all, this is the only way you’ll attract customers and make good business. If this is true for a simple yard sale, imagine how much more important it would be if you’re selling something big and valuable like a motel.
If you’re planning to put up a motel for sale, spend some time, effort and money in preparing it well. Here’s how you can make your property more appealing to potential buyers:
Rectify any shortcomings on the motel lease
First, clean ad fix any defects on the motel lease. As most moteliers operate via lease, you can expect your probable buyer to be careful about it. Should there be a problem, you might just lose a potentially good customer.
Improve the physical appearance of the place
When potential buyers come to see your motel, they’ll look closely at its condition, both exterior and interior. So, if you want to land a good deal, spend some money in sprucing up the appearance of your motel. Remember, if you present your property well, you’ve already won half the battle.
Straighten the accounts and records
Another important preparatory step towards a motel sale is to get your financial records straight. This means you must be able to present to your potential buyer clearly what your profits are and what value your business holds. Show them how prompt you are about paying taxes and any other fees required. Also, be clear about licenses and permits. It will give your prospective buyer that feeling that he’ll be getting his money’s worth.
Highlight your property’s best features
When you present your property to your buyer, mention all the benefits it can offer them. Make sure you back up your claims with necessary documents. Get rid of anything may be an obstacle to the sale, such as unpaid taxes and missing financial statements, among others.
Like selling a home, the appeal of the property will say a lot about how trustworthy you are as a seller. A clean and tidy motel means it only needs minimal maintenance, and this is an important factor for any buyer.