Inn-Exit Strategy

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Inn-Exit Strategy

Inn preparing an INN-exit strategy, we recommend the following top ten items before we provide a comprehensive plan in association with our clients to deliver a strengthened position before sale.

B&B PREPARED!!
  • Present complete and accurate records including taxes for past three years
  • Provide accurate occupancy levels by month from year to year for seasonality
  • Have a complete inclusion and exclusion list as most inns expect complete furnishing with a sale
  • Complete a property disclosure statement on condition of your inn
  • Consider a detailed pre-sale inspection to eliminate any surprises for prospective buyers
  • Keep all records current
  • Advise specific details about overall marketing, expansion opportunities, and any defects or challenges.
  • Remove unwanted clutter from inn guest rooms and common areas throughout
  • Consider industry membership programs for value-add and evaluation
  • Keep smiling!