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Can you make an offer on a motel that lists it's price as "firm"?

I believe the price on a motel I am interested in is a bit steep and would like to offer less. The price however listed as "firm".

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Answers (3)
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The BAF Group LLC
MD

Not really. The real key is the Revenue and resulting Cash Flow. Why not give me a call, at 410-715-0700? I have a 9:30 meeting for about an hour today, but am fairly free thereafter. Let's have a brief conversation.

Mar 20, 2014
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Washoe County, NV

Thank you very much Mr Barrick. I wasn't sure if I'd look the fool or insult them to the point that they won't sell to me. Let me ask this, the male owner of the motel has been written up a lot in comments about the motel, meaning he seems to be the reason people have left reviews, they like him so much. That would be somewhat detrimental to me as people may not want to revisit the motel without his presence( HE is the business). Also their website is atrocious and would need a total revamping. Are those adequate reasons to ask a lower price?

Mar 19, 2014
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The BAF Group LLC
MD

You risk nothing by offering a lower amount. if you can provide a rationale for offering lower than their asking price, do so. If you can show why other hotels with the same number of rooms and revenue have sold for less, provide concrete evidence. In making a lower offer, if you have the ability to offer terms that are very attractive, put that in your offer as well. For example, if you already have financing or if you can settle within a very short period of time, that may make a difference. Any business owner can do one of two things with such an offer: They can accept it, they can decline it completely, or they can make a counteroffer. What do you have to lose?

Mar 19, 2014

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