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Can i sell my own business without a broker?
I own a 40 unit hotel and wanted to know if it was possible to sell my hotel privately without any brokers?
Fri May 16 2008, 17:28 - Sacramento - Home Selling - 7 answers
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Yes you can! If you would like help with this transaction, we offer flat fee commission and we will list your business on the real estate websites where other buyers are looking, but you will still have control of the transaction. Our fees start at only $249 and that covers the Multiple Listing Service and other real estate business websites.
Tue Jul 1 2008, 23:26 Web Reference: http://realtyaid.net
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Of course you can. You can save thousands in commission doing it yourself. I sold my hotel in the UK via a site called hotelstobuy.co.uk I think it's been going for a while.
Tue Jul 1 2008, 06:25 Web Reference: http://www.hotelstobuy.co.uk
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Of course you can sell it yourself. Get educated on the nuances and do it. But do you really trust that you are the most experienced person to represent yourself? Do you think you know how to market your property effectively to get the best price? I don't specialize in selling commercial so I'm just sticking my nose in here, but I don't think it's a trivial thing. Still, getting educated on the process will help you know if you have hired a good consultant, in either an attorney, or broker. But their years of experience can't be learned that quickly in a book, I would expect.
Good luck to you! Sun May 18 2008, 19:32 Web Reference: http://www.suearcher.com
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Sure, as the others say. Just be sure you assemble the information in a format that buyers are used to seeing. You might also want to work with a business consultant before selling. There are ways you can (legally and ethically) clean up weak spots and enhance your strengths to sell for top dollar.
For instance, as with apartment buildings, if there are additional sources of revenue, make sure those are operating at maximum efficiency. If you could charge more per room, do so now, so that the figures show that. I wrote a book about business valuation a few years ago. It's out of print now, but here's the link for some useful information: http://www.amazon.com/Whats-Business-Worth-Donald-Tepper/dp/… Hope that helps. Fri May 16 2008, 19:04 Web Reference: http://www.Solutions3DHome.com
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Rp,
It is a free capitalistic society. You can do as you wish. I use to own restaurants and sold those without any assistance. I did however have a good attorney on my side. So just make sure that you have all your bases covered Fri May 16 2008, 18:55
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Hi,
Sure. You can sell anything without any professional assistance. There are commercial brokers who specialize in Hotels and sometimes.....THE BUYERS PAY the broker fee. Many of the buyers are from other countries. Fri May 16 2008, 17:39
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FIRST ANSWER
Is it possible? Sure. I would engage a good attorney to facilitate the process. Have you considered how you will procure a buyer for the property though? You might seek counsel from a commercial Realtor and weigh the pros and cons.
Not sure if there are any commercial brokers who participate on this forum? I have done commercial transactions, but a 40-unit hotel is beyond my area of expertise. Fri May 16 2008, 17:33 Web Reference: http://www.erinattardi.com
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