Writing a Business Plan for a Motel
Travelers always need a place to stay from time to time, and budget travelers will often turn to motels as a place to stay that does not require an immediate reservation. Over the past 14 years, we have worked with a number of entrepreneurs that are seeking to either develop or acquire an established motel. We've also worked with a number of individuals where they are seeking to use a franchise system for their motel property. All the work we do is done specifically to the needs of each client, and we can work very closely with you to develop a business plan that's appropriate for your hospitality and motel operations.
As many of these businesses are developed or acquired with debt funds, we focus substantially on the collateral that is going to be used – primarily real estate as well as furniture, fixtures, and equipment – in conjunction with your motel's operations. Most importantly, we always provide our clients with a full five year financial model that features a profit and loss statement, common size income statement, cash flow analysis, balance sheet, breakeven analysis, and all applicable business metrics. Additionally, we provide all the necessary motel industry research analysis, in overview of the economy, and all the necessary research specific to your local market.
A demographic profile as well as a competitive analysis is always included in the work that we do. Additionally, we always develop a full-scale marketing and advertising plan that showcases how you will promote your motel to the general public not only through traditional means but also through online reservation systems as well. All the work that we do is completely appropriate for either a financial institution, a private investor, or both. Given the large down payment that is often associated with the development or acquisition of a motel – some entrepreneurs work with both a private investor as well as a banking institution to get the financing they need to engage this type of venture. All the work we do is completely suited to your specific needs.
If you're looking to have a professionally written business plan for your motel, please feel free to contact us anytime at 646-216-9844 or through the contact us form on this website.