Listing ID: 71439
This is a highly discreet listing for TWO hotels being sold together. This listing is for well capitalized and serious buyers only. Buyer must have good hotel business and management experience. Due to the seller’s request for confidentiality, all financial figures in this BizBuySell listing are for placeholder only.
Actual financials will be disclosed on a case-by-case basis and only after initial introductory discussions with business broker and owner.
Basic info on these hotels: Brand new construction, gorgeous properties inside and out, highest quality materials and decor throughout. A total room count of 220 (combined) with about 40 employees (combined). Over 5000 SF office space. Wonderfully located.
Contact Broker Jon Sheklow by phone (917) 254-2042 or email email@example.com
- Asking Price: $77,000,000
- Cash Flow: $1
- Gross Revenue: $2
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:40
- Furniture, Fixtures and Equipment:N/A
Brand new. Absolutely stunning quality throughout.
Will provide sufficient support
Moving on to completely different development projects
The venture was started in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell companies. Nonetheless, the true factor vs the one they say to you might be 2 entirely different things. For instance, they may claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a range of various other reasons. This is why it is really vital that you not count totally on a seller's word, but instead, utilize the seller's solution together with your total due diligence. This will paint a much more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that earnings margins are too small. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that have to be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new clients? Many times, operating businesses have repeat clients, which develop the core of their day-to-day profits. Specific aspects such as brand-new competitors growing up around the location, road building, and personnel turn over can influence repeat clients and also negatively influence future incomes. One crucial thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the higher the opportunity to build a returning customer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional typical home earnings effect future income prospects?