Sell on Your Own, Or Use a Broker?
By Mike Handelsman Group General Manager, BizBuySell.com | May 28, 2010
In the world of real estate, selling without the assistance of a real estate agent has received a lot of attention. But is it really a good idea to try and sell your hotel on your own?
In my role at BizBuySell.com, I talk to a lot of business sellers. While the thought of saving a broker commission is attractive, sellers who pursue a For Sale By Owner (FSBO) transaction have found that it's easier said than done.
Is it possible to sell your hotel or hospitality business yourself? Absolutely, but it's not for everyone. In some cases, a FSBO sale may be the right answer. But in most, the smart move is to hire a professional broker t8o list your hotel and locate a buyer.
When Selling a Hotel On Your Own May Be the Right Answer
Every hotel sale is unique. But for the most part, there are a few scenarios that might make a FSBO transaction a better fit for your business exit.
If the sales price is less than $200k