Think twice when considering doing a Lease Option
Archive for the ‘Purchasing a Bed and Breakfast’ Category
Thanksgiving at the Inn
Posted in Innkeeping advice, Marketing Your Bed and Breakfast, Purchasing a Bed and Breakfast on November 26, 2008 | Leave a Comment »
Thanksgiving is perhaps the best Holiday at a Country Inn. It is the one time that the Innkeepers get to really share their Holiday time with the guests and neighbors and to show their thanks for both a bountiful season and the joys of Innkeeping. I know that we looked forward to this Holiday every [...]
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 [...]
Buyers’ To Do List
Posted in Buyers To Do List, Purchasing a Bed and Breakfast on May 6, 2008 | 1 Comment »
When purchasing a Bed and Breakfast, there are many items which need to be done by the buyer prior to closing. If a buyer does not have the time to do these items, a consultant like Quantum Hospitality can execute the list for you. Have fun!
INN BUYER’S TO DO LIST[1]
1. New Corporation: (Your lawyer should [...]
Inn Start-Up, Is It For You?
Posted in Innkeeping advice, Purchasing a Bed and Breakfast, Starting Your Own Inn on June 11, 2007 | 1 Comment »
It seems that we are always asked by people considering innkeeping, why not do a start- up? We always express our concern that it is much easier and more cost effective to purchase an up and running business, but that does not suppress the desire by many people to start an inn from the ground [...]
Best Methods for Finding the Ideal Inn
Posted in Buyers To Do List, Creating Your Inn Model, Finding the Ideal Inn, Purchasing a Bed and Breakfast on May 17, 2007 | Leave a Comment »
Written by: Howard J. Levitan, Oates & Bredfeldt, LLC
This is one of the most asked questions at every one of Oates & Bredfeldt’s Innkeeping Seminars. How can I find my ideal Inn? The answer is very easy, but counterintuitive. We say simply to “Stop looking at Inns for sale!” Here is why:
Location, location, location is [...]
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 [...]
