Motel Sales News

Why Buy a Business Through a Broker?

1 November 2019 •  Uncategorized

Many people who are interested in buying a business start looking for a possible enterprise, but the majority never follow through. The reasons for this vary, but it’s true that the buying process can be expensive, stressful and time-consuming. Business brokers have the experience and processes to take away some of the stress and save…

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5 Tips for New Business Owners

30 October 2019 •  Uncategorized

Living in New Zealand is a huge advantage for an aspiring business owner. The country was named the number one easiest place in the world to start a business by the World Bank’s Doing Business survey. New Zealand is so favourable for new businesses because of the lack of restrictions for establishing, owning and maintaining a…

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A Checklist For Buying a Business

30 October 2019 •  Uncategorized

If you’re set on the decision to buy a business, you’ve already made an excellent investment decision. Buying a business is a great way to help contribute to New Zealand’s economy and give yourself a chance to grow professionally. Purchasing an established business also makes sound economic sense because so many components are already set…

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The Growing Tourism Market in New Zealand

30 October 2019 •  Market Information

If you’re the sort of person who likes variety and meeting new people every day, the tourism sector is a very attractive industry. The tourism industry in New Zealand is sky rocketing, with over 20 per cent growth over the years 2014 and 2015. The government and industry association is aiming to continue tourism’s place in…

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Six Reasons Why LINK is Ahead of the Competition

30 October 2019 •  Market Information

1 The most innovative company in our sector LINK won the REINZ inaugural innovation award for the valuation tool that has been created to conduct business appraisals. This piece of IP is ever evolving based on current sales data, and has an algorithm that looks across a business and determines an indicative value to be…

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The Mistake of Not Marketing Widely Enough

30 October 2019 •  Uncategorized

Many things can increase the sale price of your business. You can normalise your accounts, mitigate weaknesses, and diversify your customer base –but nothing has a greater impact on the amount you’re offered than having buyer competition at sale time. This makes marketing one of the most essential aspects of your sales strategy. Unfortunately, it’s…

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Using Professionals

30 October 2019 •  Uncategorized

One of the biggest mistakes business owners can make when selling their business is trying to do it on their own. Many entrepreneurs have built their business from the ground up through their own hard work, and they think they can sell it with the same mix of determination and smarts. One of the skills…

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How to Sell a Small Business

9 September 2019 •  Market Information

Starting and growing a business is hard work. From the initial idea to creating a product and building a customer base, it takes dedication through the years to see success. Selling your small business can be a reward for all that hard work and a chance to get financial backing for the next phase of…

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Doing Business in Hawkes Bay

9 September 2019 •  Uncategorized

Hawke’s Bay is a friendly region known for its long, hot summers and mild winters. Over the years, it has moved from a rural economy to a home for a wide range of business enterprises. Businesses in Hawke’s Bay benefit in the ways you would expect from a smaller centre: cheaper costs compared to large…

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The Steps to Take to Sell Your Business

3 September 2019 •  Market Information

After you’ve made the decision to sell your business, you may feel lost about the next step. Although finding a buyer and signing on the dotted line may seem simple, there’s a myriad of legal and financial steps to ensure you’re protected. Following the right steps to sell your business helps you get the best…

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Should you use a Channel Manager?

11 October 2013 •  Motel Business

Channel Management What to expect from your Channel Manager If there was a way to increase your hotel’s occupancy and generate a higher volume of online bookings, all while saving time and resources you would want to know about it right? Well this technology does exist and it is called a channel manager, so if you want…

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Understanding Leases #2

6 September 2013 •  Market Information

Make Good: That is the term which defines the process by which the tenant shall repair the premises upon removal of the tenant’s fixtures. Net Rental: That is where the rent excludes other payments (outgoings) made by the tenant such asfor rates and insurance. Gross Rental: That is where the rent includes outgoings. Improvements Rent:…

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Motel Costs – Rents etc…..

26 August 2013 •  Motel Business

Most cost increases are outside our control but others can be negotiated. Rent for example is normally the largest cost for a motel operator, by a country mile. Historically there was a formula prevalent in the market which suggested that the gross income should be split a 1/3 rent, 1/3 running cost and a 1/3…

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Understanding Leases #1

15 August 2013 •  Market Information

Although with the advent of plain English drafting, commercial leases are arguably easier to understand now than once they were, they still manage to give rise to much confusion. I can still remember from my childhood the title of a pop song sung by an American called Johnny Tillotson. The song presumably about an object…

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