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
They hired a specialized motel broker and an accountant to dive into the finances. They spent weeks reviewing three years of financial statements and occupancy reports to ensure the business was actually profitable. During their due diligence, they didn't just look at the books; they walked the property, checking the back areas for signs of neglect and ensuring the building was structurally sound. buying a motel
: Always verify at least three years of financial statements and tax returns. If you'd like to dive deeper into the
: Check the "hidden" areas of the property; if the staff areas are clean, the rest of the motel likely is too. During their due diligence, they didn't just look