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Many of the terms surrounding the purchase of a hotel business can sound familiar--"franchise," "turn key operation" and "operating results" are all terms that are used in business fields outside of the hospitality industry, so you're likely to have encountered them if you're a business owner. Happily, in the hospitality industry, they generally retain the basic meaning that you're familiar with. Read More »
Business professionals who are interested in the hotel industry and intend to buy hotel business locations will have many choices to make. You will need to pick the right location for your establishment, decide whether you want an independent hotel or a franchise opportunity and come up with a realistic budget for your purchase. Read More »
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Are you interested in owning your own business? For people with a passion for travel, buying an existing travel business for sale may provide a realistic way to enter this always popular market.
There is no doubt that the Internet has changed the playing field for travel businesses. Many people book their vacations independently through online services. Finding enough customers for a new travel company can be a challenge. By buying an established travel business for sale, however, you may be able to take advantage of customers, networking relationships, and a business reputation that are already well-developed. It may be easier to get a feel for the market and financial outlook, since you can easily look at records of past performance. Since banks and investors tend to feel more comfortable about loaning money to a proven venture, you may be able to more easily access funding to make your purchase and improve your new business.
No matter which type of business market you are targeting, researching all of your options before making a purchase can save money and disappointment. Industry brokers and online business listings may be the best place to start. Business.com is a trusted resource for people and businesses interested in exploring their options. Visit the links to the left to find out more.