15. Buying or Selling an Accommodation Business the Right Way, with Kevin Connolly
Description
If you’re thinking of buying or selling a caravan park, hotel or motel, then this episode is going to set you up to do it right. My guest is industry veteran and Principal of CRE Brokers, Kevin Connolly. If you’re not familiar with them, CRE is Australia’s leading accommodation and hospitality business brokerage firm, with offices up and down the east coast from North Queensland to Hobart.
When you’ve thrived in an industry for more than 30 years like Kevin has, you know you’re doing something right. This is an episode that is packed with tips and best practices from a bloke who’s pretty much seen it all in the accommodation sales arena. He’s a straight shooter who knows how to get the best outcome for both buyers and sellers, and his insights are always greatly appreciated.
Here’s just a sample of the great info we tap into:
- Preparing your business for sale
- Getting your due diligence right for buyers and sellers
- Leasehold versus freehold, what’s best?
- How to get a foothold in the industry for those starting out
- Top tips for a quick sale
- Why you should you use specialist accounting and legal services
- Tips for finding funding
- Thoughts on the changing industry: Corporates vs mum-and-dad operators
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United States
