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Thank you.
I’d prefer not to manage a restaurant, possibly could be leased separately. I’m looking in the vicinity of $500k, minimum 3.5 star rated, can have 20+ units, would like to cater it more towards holiday than business. No real relevant skills as i have, over the last 20 years worked in the retail, IT and health industry. My work now entails alot of networking and stakeholder engagement. I very much enjoy socializing with people and to a certain extent am a perfectionist. I have a diploma in accountancy and microcomputer technology. I have been interested in managing my own business for awhile and have always had a motel in mind. This is a venture that I would take lead on but my partner would help part-time.
Any advice you can provide would be appreciated even if to recommend courses I should do.
Thanks
I’m interested in entering the motel business and would prefer to purchase a leasehold motel initially. I really like the Lake Macquarie area and am interested in peoples opinion on whether this area is a good investment location for motels and what should I look for in a motel around this area. Warner’s Bay appears to attract a lot of people with a cafe and restaurant district sitting next to the lake. Other questions I have is what hours are involved in running a motel without staff for a 20+ unit motel? What questions are important to ask about the property being sold? Any advice you can provide would be greatly appreciated.
Cheers
