Business Sale and Market Expectations
Whilst there is a market for the acquisition of hotels with 50+ beds, hotels of this size can struggle to sell; especially those with low bottom line profits and lack of investment over the years.
Many hoteliers are disappointed with potential exit values. Our advice is to prepare for sale well in advance by reinvesting at an early stage on an ongoing basis.
Reputable agents will give you a realistic and TRUE value. It is a mistake to apply false high values which result in a property remaining unsold for long periods of time with the eventual reality of having to accept the original true value of the business/property.
Telephone 07921 914382 to arrange business and property appraisal.