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.
It is sad that many unsuspecting new B&B operators don't know a few little things that could mean the difference between a "No Vacancy" sign or a "For Sale" sign on their front lawn!
If you are thinking about owning your own bed and breakfast, or struggling to make your current B&B profitable, I suggest you take the quiz we've put together.
click here to test your current B&B industry knowledge!
If you would like to read more about the events that lead us to write this ebook, click here
We wish you the best
The Farnhams (Patricia and Robert)
(authors of "Bed and Breakfast Profits)
(We LOVE B&B's)
More Related B&B Reading:
Buying a B and B
Buying a bed and breakfast can be an incredibly rewarding experience. However, it is also a venture that involves a lot of risk taking. One of the very first things you will have to do is construct a good business plan. This will help you to outline all of the components of buying a bed and breakfast and how you
(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
Your book has helped us. We have been working very hard for years and decided it was time to sell. Your ebook has given us some ideas on how we can stay here (we really love it). We decided to give it a try and see if we can arrange things so we don't have to do ALL the work. We've already started. We hired a young high school student to help us with some of the technology things. The last two months our reservation rate improved dramatically. This month we are hiring our second staff member to help with the cleaning. And, we are still paying the bills (with a few bucks left over!)
We are grateful
Ken and Margaret S.
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"Buy a B&B"