Monday, October 23, 2017

Andrew Morgan

Andrew Morgan is a Motel Broker at Qld Tourism & Hospitality Brokers. Queensland Tourism & Hospitality Brokers specialise exclusively in Motels for Sale, Resorts for Sale, Management Rights for Sale, Caravan Parks for Sale, Manufactured Housing Estates for Sale, Accommodation Villages for Sale and Hotels for Sale throughout Queensland.

For sale inspections

The simplistic side of this part of the sale process is that a potential buyer wants to look at the good, the bad and the ugly. The seller wants the buyer to have a quick look around, say they will buy it and then leave to avoid an employee or customer finding out that they are selling. Many potential buyers …

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Accommodation mark-up

When we hear the term ‘mark-up’ we think of the amount added to a product on top of the cost to make a profit. In the case of motels or accommodation businesses, the product is the unit being rented.  The cost to rent that unit needs to be calculated to be able to determine a suitable mark-up to achieve a …

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How quickly market sentiment can change

It really is extraordinary how things can change so quickly; for the better and also, unfortunately, for the worse. I guess one does not exist without the other. Human sentiment and feeling about a particular matter or situation can change the course of activity almost in an instant. As an example, the share market depends on the sentiment of investors …

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Motel leases: what are the benefits?

Leasehold motel tenure has been a very successful type of motel ownership and operation for decades. It grew very quickly in the early 1990s and has remained an attractive option for motel ownership for very good reasons.  The many benefits of owning a motel lease is why many moteliers continue to expand their motel investment portfolios. There have been many …

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Exit planning starts now

Commencing exit planning for a motel business is never on anyone’s mind until they are ready to get out. It really should start as soon as one takes over operating a business, but this is the last thing on a new motel owner’s mind at this point.  No doubt a plan is in place for a three, five, or 10-year …

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Motels: understanding return on investment

What determines the market’s willingness to pay a particular price for a motel? The return on investment (ROI) that the market requires to invest in a particular asset, such as a motel, is a decision based on a number of factors. The combination of these factors decides the resultant ROI. The question of what ROI is expected by the market …

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From the outside looking in

The importance of a good first impression can never be understated. People make snap decisions based on their impressions in the first few moments of viewing a property in person or in digital format.  There are always market factors beyond your control; the amount of properties in your area, competing with bigger, shinier franchises with bigger marketing budgets, general economics… …

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