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 Let your mind roam ahead in time for a moment. You have put your property on the market and you now have an offer. The buyer is going to apply for a mortgage. Let me suggest to you how what you are doing today, or not doing, can
Someday You Will Sell, Help Your Lender Say Yes 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 »
by Peter Scherman of The B&B Team When you’re thinking of refinancing to make capital improvements to your inn, there are many questions to ask. In the analysis of finance and construction costs, anticipated revenues, and future value of the tangible assets, one question that is often overlooked is this: How will improving the physical
Refinancing Your Inn — Food For Thought Read More »
by Peter Scherman of The B&B Team You have been dreaming for years. Those glossy magazines and snazzy web sites with those wonderful, historic lodgings, glorious gardens, and inviting rooms are a regular mainstay. Your travels have taken you to places where you were greeted by strangers who treated you like old friends. You slept
Inn Financing Without Tears Read More »
by Doug Carleton of Business Lenders, LLC You might be thinking about buying or opening a B&B. Or, if you already own one, you might be considering expansion or a major renovation. Once you decide that you need to borrow money, whatever the need may be, the very best thing you can do to increase
Improve Your Chances For A Loan Read More »
by Doug Carleton of Business Lenders, LLC Financing for any startup business is hard for obvious reasons. A lender is gambling. It is betting that the owner of the startup business is going to be able to meet projections and pay back the loan. And even though most new business owners do their best, a
Financing Startup B&Bs with an SBA Loan Read More »
by Rick Newman of Commercial Capital Network, LLC Updated October, 2018 All Bed & Breakfasts/Inns are unique by design. In fact, it is that unique quality that separates one Bed & Breakfast/Inn from the next. Innkeepers invest their energy and capital over time to create a welcoming and hospitable environment that is special to them,
Financing the Purchase of a Bed & Breakfast Inn Read More »
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