Buying A Motel -

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.

: Be prepared for a "24/7" lifestyle where your home and work life are fully integrated. buying a motel

: Check the "hidden" areas of the property; if the staff areas are clean, the rest of the motel likely is too. Jack and Sarah Miller decided to trade their

Financing was the next hurdle. While banks are often eager to lend for motels because they are seen as solid investments, the Millers had to present a rock-solid business plan. They secured a loan and officially took over the keys on a rainy Tuesday in April. : Check the "hidden" areas of the property;

: Always verify at least three years of financial statements and tax returns.

💡 : Check the occupancy reports for the last 12 months to see seasonal trends before making an offer.

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