Buying A Motel Today

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

: Be prepared for a "24/7" lifestyle where your home and work life are fully integrated. 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. If you'd like to dive deeper into the

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. They were tired of the 9-to-5 grind and

Despite the long hours—often reaching 60+ per week—the satisfaction was immediate. They loved meeting travelers and building relationships with returning customers. The flexibility of living where they worked and the potential for a high return on their investment made the transition worth it. They weren't just running a business; they were building a new life, one guest at a time. Key Considerations for Buying a Motel

: Check the "hidden" areas of the property; if the staff areas are clean, the rest of the motel likely is too.

: Understand if you are buying the land and building (freehold) or just the right to run the business (leasehold).