Financials Archives - The B&B® Team

Opportunity vs. Potential in Inn Investment: Understanding ROI When Buying an Inn

Financials, Innkeeping Business, Inns for Sale, Operations, Real Estate Terms / Eben Viens

Opportunity vs. Potential in Inn Investment Buyers evaluating an Inn, Bed & Breakfast, or boutique hotel often hear the term “tremendous potential.” But it’s crucial to understand the difference between opportunity vs. potential in inn investment — a distinction that directly influences ROI, risk, and your timeline for meaningful business growth. Confusing the two can […]

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A couple looking to buy a bed and breakfast with no money

Tips for Success: How to Buy a Bed and Breakfast

Acquisition Strategies, Better Way to Buy and Inn, Financials / The B&B® Team

If you dream of owning a Bed and Breakfast or Inn but are struggling to know how to buy a bed and breakfast and navigate the sometimes complicated financial picture, we’re here to set the record straight so you have the knowledge required to execute a purchase. Financing the purchase of any new business can be demanding

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2016 The Year of the Entrepreneur/Innkeeper

Better Way to Learn Innkeeping, Financials / Eben Viens

The phone rings, and we answer… How may I help you? “Well…I would like some information on the So ‘n So Inn you have listed on The B&B Team website”. Thus the conversation starts and the journey begins. “For would-be entrepreneurs, sometimes the hardest part about starting a business is taking that first step.”

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K is for the 5 Keys to a Strong Business at your Bed and Breakfast

Acquisition Strategies, Better Way to Learn Innkeeping, Financials, Innkeeping Business, Inns for Sale, Operations, Packaging / Eben Viens

Marilyn and I had the good fortune this past weekend to work with 9 excited aspiring innkeepers at our A Better Way to Learn InnkeepingTM seminar held at the Wayside Inn B&B in Ellicott City, Maryland. What a great group! We laughed and networked with Bill and Charlotte Schmickle of the Flag House in Annapolis but

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T is for Trust…Especially Between an Inn Seller and Buyer

Acquisition Strategies, Better Way to Sell Your Inn, Exit Strategies, Financials, Innkeeping Business, Inns for Sale, Operations / Eben Viens

Just yesterday I received a call from an innkeeper with whom I have had a relationship who was considering selling his inn, a 7 room bed and breakfast inn in a nearby state. Just what we do! Thanks for the call! We opened up a dialog about the inn, its size, its location, discussed the process,

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Is Living Social or Groupon Confusing Your Performance Indicators?

Financials, Innkeeping Business, Market Trends, Social Media / Eben Viens

Countless inns are participating in the Living Social and Groupon craze (not sure if I should use the word “fad” there, which implies a short-term shelf life) and, as seen in previous postings from Janet and me, there are a number of “rules of thumb” that can make participation worthwhile. One thing that is happening,

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Living Social Interview II

Financials, Innkeeping Business, Market Trends, Social Media / Eben Viens

The Lakehouse Inn & Winery in Geneva-on-the-Lake, Ohio is the subject of our second interview with innkeepers who have used Living Social or another of the social commerce sites available. The opportunity for innkeepers to take advantage of these sites to pump up the volume of their business in the off seasons have become more

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What’s All this Stuff about Living Social and Groupon?

Financials, Innkeeping Business, Market Trends, Marketing, Social Media / Eben Viens

Living Social and Groupon have offered an alternative avenue for filling off-season and mid-week rooms. But plan carefully. Here’s how…

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Calculating Occupancy for a Bed & Breakfast

Financials, Innkeeping Business, Real Estate Terms / Eben Viens

Occupancy rates are used throughout the bed and breakfast industry to indicate how often rooms are occupied. How occupancy is calculated is a mystery to many current and aspiring innkeepers, but it’s really very simple if you know what the rules are. The first rule is that a year always has 365 days except for

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An Inn Tune-up for Your Bed and Breakfast

Financials, Innkeeping Business, Operations / Eben Viens

by Peter Scherman Innkeepers are the best when it comes to delivering a great experience for their guests. Smiles come easily, breakfast is delicious, and the world just looks, well, rosy. Or does it? On the best of days even the best inns, as we well know, aren’t perfect. But if perfection is what you

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Financials

Opportunity vs. Potential in Inn Investment: Understanding ROI When Buying an Inn

Tips for Success: How to Buy a Bed and Breakfast

2016 The Year of the Entrepreneur/Innkeeper

K is for the 5 Keys to a Strong Business at your Bed and Breakfast

T is for Trust…Especially Between an Inn Seller and Buyer

Calculating Occupancy for a Bed & Breakfast

An Inn Tune-up for Your Bed and Breakfast

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