All Topics / Buy, Swap & Sell / Want to buy leasehold Motel

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  • Profile photo of Jeet13Jeet13
    Participant
    @jeet13
    Join Date: 2024
    Post Count: 2

    Hi everyone,

    We are looking to buy a leasehold motel business in NSW for a treechange. Other than searching on the commercial websites, can anyone please advise if doorknocking actually works as I just don’t want to disrespect or harass anyone for no reason.

    We are looking for a motel with about 20 rooms plus without any bar/restaurant. We have funds available ready for purchase however we may be able to get an additional loan depends on the business turnover and profitability.

    I will really appreciate your advice or suggestions. Thanks

     

    Profile photo of littlelotlittlelot
    Participant
    @littlelot
    Join Date: 2003
    Post Count: 10

    There is no harm in knocking and asking.  People (and brokers) do it every day.

    your only issue is if it is a manager working for the owner you may not get a response as they may not speak to the owner often or will not want him to sell as they may lose their job

    i sold a large motel in NSW to a guy who dropped in to speak with me but unfortunately he had already made contact with an agent who got six percent for one phone call

    20 rooms is a good sIze if you plan on doing the cleaning etc yourself

    tony

    Profile photo of Jeet13Jeet13
    Participant
    @jeet13
    Join Date: 2024
    Post Count: 2

    Hi Tony

    Thank you for your reply and great suggestion. I will keep any eye out for any good Motel if something comes up. Cheers

    Jeet

     

    Profile photo of Motel-CoachMotel-Coach
    Participant
    @motel-coach
    Join Date: 2026
    Post Count: 0

    Hi Jeet,

    How did you end up going with the motel search? I think most on-site managers and owners would be open to a chat depending on how you start your discussion. I think if you just introduce yourself and say you are looking to get into and learn motel management as a starting point and from their if they indicate they are the owner you could proceed further.

    Have you run a motel before? As Tony indicates at 20 rooms depending on a few factors you will likely be doing a fair bit of cleaning yourself.

    I run Motel Coach a Motel Training, Management and Marketing Consultancy and Author of  📖 The Essential Guide to Motel Management.

    Happy to throw around ideas or talk you through any concepts on here if you need?

    • This reply was modified 1 week, 5 days ago by Profile photo of Motel-Coach Motel-Coach. Reason: Improve grammar

    Motel-Coach | Motel Coach
    https://motelcoach.com.au
    Phone Me

    Motel Management, Marketing and Training Consultancy. Author of The Essential Guide to Motel Management.

Viewing 4 posts - 1 through 4 (of 4 total)

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