Motel Sales News

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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