If you'd like to dive deeper into the process, I can help you with: A How to evaluate a motel's profit and loss statement The pros and cons of franchise vs. independent motels
Despite the long hours—often reaching 60+ per week—the satisfaction was immediate. They loved meeting travelers and building relationships with returning customers. The flexibility of living where they worked and the potential for a high return on their investment made the transition worth it. They weren't just running a business; they were building a new life, one guest at a time. Key Considerations for Buying a Motel buying a motel
Jack and Sarah Miller decided to trade their high-speed corporate lives for a 14-room roadside motel in the Catskills. They were tired of the 9-to-5 grind and wanted a business they could run together while living on-site. If you'd like to dive deeper into the
Financing was the next hurdle. While banks are often eager to lend for motels because they are seen as solid investments, the Millers had to present a rock-solid business plan. They secured a loan and officially took over the keys on a rainy Tuesday in April. The flexibility of living where they worked and
: Understand if you are buying the land and building (freehold) or just the right to run the business (leasehold).
The reality of motel ownership set in quickly. Jack spent his first weekend fixing a leaking pipe in Room 4, while Sarah spent hours responding to online reviews and updating their booking system. They learned that the work never truly starts or stops; they were now on call 24/7.