Think twice when considering doing a Lease Option
Archive for the ‘Buyers' Advice’ Category
Buying a Bed and Breakfast in Uncertain Times
Posted in Buyers' Advice, Exit Strategies, Finding the Ideal Inn, Purchasing a Bed and Breakfast on October 9, 2008 | Leave a Comment »
In several previous postings on our Blog, we have looked at various ways that Sellers can improve the performance of Country Inns and Bed and Breakfast Inns. All of this was done from the Sellers’ standpoint in order to add value to the sales price. In this Article, we are going to look at these [...]
PAII 2008: "Crisis in the Mortgage Industry and How it affects your Inn"
Posted in Buyers' Advice, Innkeeper Presentations, Innkeeper trends, PAII, PAII Conference on April 2, 2008 | 1 Comment »
The Buyer’s Side
Presentation by Howard J. Levitan
1. Are Buyers Ready to Buy? The simple answer is that the majority of the assets available to Buyers when they are seeking to buy their “ideal” Inn are tied up in the equity (?) of their principal residence. If they can’t sell the house at a price [...]
How to Know if the Price of an Inn is Right?
Posted in Buyers' Advice, Pricing an Inn, Purchasing a Bed and Breakfast on March 16, 2007 | Leave a Comment »
This article will appear in the next PAII Newsletter for Aspiring Innkeepers.
Of all the questions that we are asked during our Innkeeping Seminars and in our consulting practice, the most important, and most frequent, one is “How can I know if the price for an inn is the right one?”
First, some general background. Most aspiring [...]
The Art of Obtaining Financial Information
Posted in Buyers' Advice, Inn Financials, Purchasing a Bed and Breakfast on February 12, 2007 | 5 Comments »
It always amazes me when dealing with people looking to purchase an inn. The other day I received an e-mail inquiring on a property valued at $1.8M. The e-mail was simple. It said “This is the type of inn we are interested in. So, if you can pass on to me 3-5 years of financials, [...]
2007 New Year’s Resolutions
Posted in Buyers' Advice, Finding the Ideal Inn, Purchasing a Bed and Breakfast on December 18, 2006 | Leave a Comment »
It is the start of the New Year and this is it! You have decided to finally quit your job in the corporate world and take the plunge into Innkeeping! You are serious, but what to do first? Let’s outline the seven steps to successful Inn ownership in 2007!
1. It is time for a reality [...]
