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This site has been created to assist any person to understand the Motel
Industry.
You may be entering the Industry as a manager, buyer,
investor or even selling your motel. I'm sure you will see that Family
First has extensively sourced all areas offering information in allowing
you to make an informed decision.
The following direct links will take you straight to
that area or click on the tabs at the top or bottom of this page to investigate
the site.
Motel Analysis Software: We provide
a computer software program that assists you in anlaysing the financial
due diligence when assessing the viability of a motel of your choice.
The program analyses the following and much more:
1. Calculates your financial position by assessing whether you can meet
the asking price of a motel.
2. The motel's current financial ability to produce sufficient cash flow
to meet your financial position.
3. Calculates a fair capitalised worth of the motel based on Industry
Yield and Benchmarks.
4. Prepares a format for a Finance Application on the motel from the information
you have supplied on your financial status + the motel's financial
performance.
5. Provides independent Benchmark comparisons.
6. A detailed rent assessment showing trends and percentages anticipated
over the life of the lease which can be up to 25 years.
IF YOU ARE SERIOUS ABOUT PURCHASING A MOTEL YOU CANNOT AFFORD THE RISK
BY NOT USING THIS INVESTIGATION TOOL.
The program is written in Microsoft Excel 2003 and is compact in size
so it can easily be emailed. It is designed to use at home and save considerable
professional fees in the initial analysis. However when it comes to making
your final choice you must always refer the findings to your Advisor,
Accountant or Solicitor.
<Click
Here> to view an overview of the program. Note:
Sections of these reports are provided in the explanation of detail in
the Family First "Motels for Sale" in the View Detailed Information
area.
To receive the complete understanding in assessing a motel we suggest
you attend the next Motelinfo Seminar at Port Macquarie. <Click
Here> for details of the Motelinfo web site. Once you have
entered the site click on Seminars to take you to the information
on the next seminar.
If it is your intention to purchase a motel here is a basic list of
priorities for you consider:
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1/. Establish your finance limits to establish your purchase price.
2/. Seek a Motel Broker and compile a list all motels within those
limits being either Leasehold or Freehold.
3/. Analyse financial viability of the motel business. By analysing
past and future turnover allowing for unexpected expenditure. Compliance
with OH&S and WorkCover is now a serious consideration and can
be very expensive if the motel does not comply.
4/. Once the trading ability is ascertained plan your inspection
route carefully and inspect the motels of your interest.
5/. Choose a motel and negotiate a purchase price within the above
parameters.
6/. Procedures from purchase to completion of sale. Please down
load this template to assist you through this period. <Purchase
to Completion>.
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Once you have purchased the motel, assistance will be required in selecting
the most efficient front and rear office systems & maintain Occupational
Health and WorkCover systems, which are now mandatory in the work place.
<Click here to view
systems available>
Russ Dodson from Family First can assist you through all steps of purchase
& ownership with additional guidance from established and respected
professional leaders within the industry. <Click
here for information on the services available>
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