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Selling a business is no walk in the park – it’s a complex and time-consuming undertaking. While the sale of every business is unique, the fundamentals are the same, and there are well-established steps you can take to find the right deal, not just for selling but for buying as well. The more prepared you are, the more likely you are to maximize profits.
You might not be selling today, but when is the right time to start preparing?
The answer is now!
Topics we cover in this week's episode:
- What you can do to ensure the highest possible offer?
- What the guidelines are for pricing your property?
- How and where to do your research.
- Where and how to find prospective buyers to buy your property.
- How to prepare your business for sale from day one.
📋 Chapters!
00:00 How to Sell or Buy a Business: Everything You Need to Know
01:00 Intro Tom Gibson and his business.
08:54 When should we start thinking about selling you hotel?
12:08 How have current market conditions changed how we value a property?
16:38 What are the steps to selling a hotel or business?
20:12 How do you know if you’re in a good position to sell your hotel?
23:56 What are the factors that help you value your property?
26:20 What do you need to consider before buying a property?
28:02 How to prepare an exit strategy for your hotel from the start
29:47 Does technology add value to your hotel or business??
Show Links
https://www.linkedin.com/in/tom-gibso...
https://www.cbre.com.au/
#hotels #sellingproperty #bookdirect
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Disclaimer: *All content on this YouTube channel, Podcast or post reflects my own opinions and should NOT be taken as legal advice, financial advice or investment advice. Please seek out guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.
