In a recent blog post I talked about how important education was in the pursuit of starting a bed and breakfast. My analogy was that taking a seminar as the first step in exploring and learning about the world of hospitality is just like your first steps as a toddler where everything you explore is at a newer […]
Starting a Bed and Breakfast – Dream vs Reality Read More »
When looking for Maine Bed and Breakfasts for sale one often thinks of Bar Harbor. It is the iconic Maine coastal town for visitors to our great state. Even though we live in Kennebunkport and are quite partial to our bit of coastal paradise, many folks think of Bar Harbor and Acadia when they think
Graycote Inn – A Retreat from the Everyday Read More »
Two Select Registry bed & breakfasts for sale, one in Arkansas and the other in Massachusetts, offer contrasts in style while demonstrating striking similarities.
Massachusetts and Arkansas B&B’s For Sale are Contrasts in Style Read More »
#1 Location. #2 Location. #3 Location. Somethings never change, and this old adage is just as true today as it was years ago. The phrase that has become a real estate mantra may have first been coined in 1926 in an ad in the Chicago Tribune expounding the virtues of properties located in Rogers Park.
The 3 Keys to Real Estate Read More »
by Peter Scherman of The B&B Team Whether you are thinking of buying an inn or already own one, at some point you’ll be involved in a transaction to transfer ownership of that inn. Whether you have a four room B&B or a 25 room full service inn, there are certain common elements that must
The Components of Inn Value Read More »
by Rick Wolf of The B&B Team All the recent news would indicate we are now entering a period of sluggish sales, inflated prices, and higher interest rates. What does this mean for the seller?…lower selling prices and a loss of control over the sale of their bed & breakfast inn? What does it mean
Winning in a Buyer’s Market Read More »
by Doug Carleton of Business Lenders, LLC How much an inn is worth is always a popular topic in the bed & breakfast industry. To an innkeeper who has invested capital, a number (maybe a lot) of years and, most of all, a tremendous amount of emotional and physical energy, the inn has one value.
What Is An Inn Worth? How Lenders Look at Value Read More »
by Rick Newman of Commercial Capital Network, LLC Very few investors/entrepreneurs realize that they have the ability to finance the purchase of a business with retirement funds. Most people believe that there are only two options available to them if they want or need to access capital from their plan/s, namely, either borrowing from the
Use Your IRA/401-K To Finance Your B&B Purchase Read More »
by Doug Carleton of Business Lenders, LLC Seller financing is often used in the bed and breakfast industry as a way to facilitate sales. It may be the first mortgage, or, it may be a second mortgage in conjunction with a first mortgage provided by a traditional lender. Let’s take a look at some of
Financial: Seller Financing, The Good, the Bad, and the Ugly Read More »
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