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When it comes to a decision to sell Coffeys appreciate there are many factors for the vendor to consider. Often the first decision is the hardest – to sell or not to sell. We pride ourselves on offering objective advice, we are happy to supply whatever information we can to help you reach an informed decision. Owners have always invested much more than capital into a tourism property and there is often a strong attachment to the property they have managed, lived in and grown over a period of time. Once the decision to sell has been made it follows that the most desirable outcome is a sale at the best achievable price with the least possible hassle. The team at Coffeys are willing and committed to help you through this.
Following the decision to sell, the choice of broker/agent may well be the single most important decision the vendor then has to make. The best outcome relies on how much is delivered, rather than how much is promised.
Coffeys offer you the necessary skills, experience and commitment, and would appreciate the opportunity to discuss your needs and intentions. We offer obligation free advice or information on the following:
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Selling or buying - Price to profit guidelines and other factors affecting values.
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How to prepare your business for sale - what information to collect.
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Leasing - types of leases and various structures - tax implications - rent reviews, maintenance provisions etc.
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Referral to legal, accounting, finance and insurance professionals, with experience in your industry.
We specialise exclusively in the tourism property industry and, with hundreds of Motels sold as well as numerous Motor Inns, Tourist Hotels, Holiday Parks and Management Rights Contracts over the last 20 years, we would like to think that we have learned something! The chance to be put to the test would be most welcome. If you wish to sell your tourism property, lease or freehold, it is in your best interests to be represented by a professional broker. Coffeys will:
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Assist in determining true market value, based on first hand knowledge of current market trends and activity.
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Suggest ways of presenting your property and its trading figures, and any steps that may be taken to enhance saleability.
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Provide you with the various marketing options in respect of advertising exposure – you choose. Most of our successful results come without the need for vendor funded advertising. In some situations however, this is appropriate, in which case we will provide you with the various campaign options available along with associated costings. (Ask about our “fair factor" policy in this regard).
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Liaise with, and represent your interests to your lessor if necessary.
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Locate qualified buyers through our extensive buyers database, website, direct mail, networking, and media advertising.
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Screen, as much as possible, all prospective purchasers. We are very aware of the need to avoid disruption to your business and unnecessary exposure of your operations to prospects who are not in a position to purchase.
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Assist the process by counselling serious prospects towards a decision. In this industry, buyers have a myriad of questions concerning financing, insurance, leasing, valuation, rent reviews, advertising - and the list goes on.
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Keep clients up to date with current lending criteria, and introduce them to professionals who will get the funding results.
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Be available to assist with all steps in the transaction, to help handle any of the many complications that can occur throughout the process, from negotiating the sale agreement right through to settlement and beyond.
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