PO Box 1019,  Hamilton,  New Zealand   Ph: +64 64 7 856 4331   Cell: +64 21 979 249   Email: kathie@shepard.co.nz   


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Kathie Shepard


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Buying Tips

Following is some information which may help you with the purchasing process. Should you have any questions please feel free to contact me.

Lease:

Is the length of the lease important? Yes because it is important that when you are ready to move on and sell your motel you have a good number of years left on the lease. This ensures you are able to offer a long lease to maximise your return on the sale. It is however common within the industry to extend the number of years on a lease so talk to us or your agent about this.

Operators accommodation:

Is it important for the operators accommodation to be adequate for your own needs? Yes it is!!!. People will sometimes purchase a motel and say well the house is not quite right but we can put up with it. They then have to spend a large amount of time in a space they are not happy with and eventually this causes a bit of misery. The house needs to be somewhere you can go and relax away from the motel. If you can’t achieve this then you may become unhappy and it will show through to the guests.

Is a lease business a zero rated item for GST? If the lease is in existence and the business is up and running then yes the sale and purchase is zero rated provided that both parties are registered for GST at the date the agreement goes unconditional.

Why should I use a Motel Broker.

A Motel Broker is a specialist in the motel industry. They have an indepth knowledge of the product and the operation within the industry. Just like there are specialists within the medical proffession such as a surgeon a motel broker is a specialist real estate proffessional in the area of motels.

How do I operate a motel?

Operating a motel is similar to most small businesses. There are admin tasks, planning tasks and day to day running of the business. We always say that there are two main ingredients to running a successfull motel business: cleanliness and friendliness. Facilities must be spotlessly clean and you must ALWAYS be friendly to the guests.