Kapitol Brokers

Practical Information

Bank Accounts and Merchant Facilities - Prior to the settlement day you should ensure that a general account for the business has been opened and that all merchant facilities have been arranged and are able to be installed as near to the settelment day as possible.

Booking System - Familiarise yourself with the booking system and plan for any changes you may want to make.

Brochures - Check that there are plenty of brochures on hand and if necessary order new ones.

Business Cards - You should ensure that you order your business cards ready for use after settlement.

Cleaners, Maintainance and Linen - Ask the vendor to provide a list of tradespeople and suppliers of goods needed in the business from time to time.

Insurance - you will need to ensure that all of the appropriate insurances are in place prior to settlement. Generally this will be a requirement of both the landlord and the financier.

Telephone - You should contact the telephone company to ensure that the telephone accountis transfeerred into your name.

Training - Attend the motel for the training (as set out in the contract)

Advanced Bookings - An adjustment will need to be made for any advance bookings on the date of settlement.

Electricity - Check that the account has been transferred into your name.

Keys - Collect all keys and ensure that there are sufficient number of keys.

Plant and Equiptment - On settlement you should check the inventory form the contract and determine that all items are accounted for.

Quick Tips

Ask your Kapitol Brokers agent for a pre settlement check list. These are prepared to assist you in a seamless transition into your new property.