It is evident that you have the skills and knowledge to take over a hotel even if no diploma is required to do so.
Otherwise, you’re tempting the devil because your professionalism will undoubtedly be the key to your success. Of course, nothing prevents you from taking courses and training, and the Chambers of Commerce will certainly be of great help, but it is still essential to know all the constraints of this activity in addition to those inherent to any business manager with its accounting, financial and legal aspects.
Let us assist you.
Even if this project is close to your heart, do not forget that there is no hurry. Always take the time to evaluate a business perfectly, even if it is a real favourite. To do so, do not hesitate to call on professionals (notary, lawyer, chartered accountant, transfer-acquisition specialist, etc.) who will be able to assist you throughout your business. Admittedly, this has a cost, but it is in no way comparable to the cost of an error in judgment. In the same way, think carefully about the best legal structure for the business as well as for your personal and patrimonial situations. Each social or tax system has advantages and disadvantages, so there is no ideal in this area, but one that suits you.
The right questions.
There are a thousand and one reasons why a person sells a real estate property (retirement, personal difficulties…), there is one that calls for all your vigilance: a redhibitory defect, more or less hidden, which prevents the current owner from continuing his activity (need to bring the building up to standard, serious administrative problems, declining turnover, etc.). Also take care to gauge the quality of the location of this hotel by asking yourself the right questions: is the establishment located in a busy area? Is it close to a major road? Is it close to a business park? Is there a regional or national centre of interest nearby (amusement park, historical heritage, tourist area)?
A crucial point: the clientele.
Know how to distinguish between the different types of clientele: passing through, business, tourism; family or professional; short or long term… Estimate this clientele by calendar periods because unless you are located in the heart of a large conurbation, your establishment will certainly be subject to highly variable visitor cycles. In addition, make sure that the establishment corresponds to its “tourism classification”, which gives stars according to the quality of the facilities and service as well as good practices with regard to the environment and disability.
A neighbourhood survey is essential.
While a welcoming hotel is a matter of course (in this respect, trust your impression when you first visit the establishment, it is generally the right one and, in any case, the one your guests will have on arrival), a certain number of parameters are essential: ease of parking, urban signs, road or rail access, etc. Finally, check for the possible presence of nuisances (noise, smells, pollution, etc.) throughout the year. In this respect, there is nothing like a simple neighbourhood survey of local shopkeepers and professionals.