Buy a B&B
Here's To Your Profitable
Bed And Breakfast
Buy a B&B
It takes a special kind of person to successfully buy a B&B. Even someone experienced in other forms of business wonít be able to simply waltz in and take over. This is the kind of venture that starts best as a dream. You have to truly want it, especially if you plan to be using your very own home. Even experienced B&B owners are encouraged to acquire outside information from time to time. Guests continuously change over time and so do their requirements.
One of the most common mistakes people make when they buy a B&B is buying the wrong piece of property. Often the regular upkeep of a large property or the maintenance of an older one can become overwhelming to those just starting out. Most B&Bís donít start turning a large profit in the first year. It takes time to work your way up when you have overhead and staff expenses. Property expenses are high, consider them carefully. Running a bed and breakfast is not as simple as catering to guests. It goes much deeper beyond that common misconception.
Itís important to be realistic about your strengths and weaknesses. Knowing and understanding your limits can save you time, money and trouble later on. There are a number of seminars available on how to buy a B&B as well as courses and programs. You may find these to be helpful as they can point out aspects you may have overlooked and supply tips and advice that may prove useful later. And for the completely clueless it can give you that much needed push in the right direction. Make sure you know what resources are available to you and take advantage of all information. It can be just what you need to succeed as an innkeeper.
The statistics don't lie!
Most new Bed & Breakfast don't generate the revenues the owners thought they would! A little insider information might be ALL that is standing between a profitable b&b, and becoming another struggling statistic!
Before you spend a small fortune opening (or buying) your b&b, we suggest you try our "B&B Business Quiz"
Find out whether your B&B industry information is up-to-date, or is it based on a training book that was written 20 years ago. (Things have changed greatly in this industry. Unfortunately, most of the training has not!)
Take Our B&B Business Quiz (click here)!
There have been a few unfortunate events that led us to sit down and write our ebook. It is our hope that another unsuspecting rookie owner won't lose their dreams due to a lack of good, current information. To read more of that story click here
Patricia and Robert Farnham
(authors of "Bed and Breakfast Profits)
(We really LOVE bed and breakfasts)
More Related B&B Reading:
B and B Properties
As a new or previous owner, B & B properties are essential to your operation. Buying new or used is an option to be considered upon your decision to purchase. Existing B & B properties have the added benefit that they are already set up to run and in some sales may include the staff. Taking over ownership of a B
(read the complete b&b article.)
Do You Have What It Takes To Become A Successful,
Profitable B&B Owner/Operator!
(click here to find out)
More Readers Comments
Thanks Patricia and Rob
We were writing an offer for an existing bed and breakfast when we came upon your website. After reading your information we made a complete turn in our business plan. We were able to ask many questions of the seller we wouldn't have asked before. Our agent was unaware of many of the points you mention. As a result, we greatly reduced the price of our offer. If the vendor refuses (which I don't think he will), we'll be fully prepared to find a better deal. Your ebook has already saved us money!
You have our thanks
Kris and Christopher F.
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"Buy a B&B"