Home Selling in Sacramento>Question Details

Rp, Home Buyer in Sacramento, CA

Can i sell my own business without a broker?

Asked by Rp, Sacramento, CA Fri May 16, 2008

I own a 40 unit hotel and wanted to know if it was possible to sell my hotel privately without any brokers?

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9
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!
Web Reference: http://www.suearcher.com
1 vote Thank Flag Link Sun May 18, 2008
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.
1 vote Thank Flag Link Fri May 16, 2008
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
Contact
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
1 vote Thank Flag Link Fri May 16, 2008
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.
1 vote Thank Flag Link Fri May 16, 2008
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.
Web Reference: http://www.erinattardi.com
1 vote Thank Flag Link Fri May 16, 2008
Erin Stumpf, Real Estate Pro in Sacramento, CA
MVP'08
Contact
Of course you can....and i hope you are already sold the Hotel in 2013
0 votes Thank Flag Link Fri Jul 19, 2013
Absolutely yes, what most business owners lack in selling their own business are the "Tools" I am not talking about hammers or screwdrivers. There is a form for each step in the process. Their are actually eighteen (18 ) different . Actually, it all starts with a :"Business Pricing Report" and goes on from there. We are a few weeks from launching a website called UnitedBusinessOwners.org and once uo you can purchase each of these 18 forms seperately or all at one time. We are launching the site and the first tool (Business Pricing Report) at only $169 dollars. This form shows you the step by step approach to setting a reality price for your business. And what is nice about this if at anytime you are not up to this task anymore we can help. Our National Broker of Record can get this sold and settled at a big reduced price because you have already done the evaluation. I hope this will be an answer for every business owner in this Country. And just so you know I have been a business Broker for over 30 years and sold literally thousands of different businesses. I think it is the time to finally give the business owner a break away from very high broker fees. Good Luck in your quest. Want to stay in touch contact billcleary@comcast.net
0 votes Thank Flag Link Wed Apr 3, 2013
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.
Web Reference: http://realtyaid.net
0 votes Thank Flag Link Tue Jul 1, 2008
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.
0 votes Thank Flag Link Tue Jul 1, 2008
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