InnFinancing.com and Commercial Capital Network are owned by Richard K. Newman, a nationwide inn consultant, specializing in Commercial Financing & Acquisition/Funding Strategies for Bed & Breakfasts, Country & Historic Inns, Resorts, Campgrounds, Wedding Venues & Other Hospitality Venues. Rick consults with business owners who wish to restructure debt obligations, but dedicates the majority of his energy helping the next generation of business entrepreneurs and aspiring innkeepers navigate the challenging process to identify and purchase “The Business of Their Dreams.”
“Owning our own business seemed somewhat far-fetched until 2020 turned the world upside down; so we did what any sensible adult would do. In December of that year, we left our jobs, sold our home (and most of its contents) and spent the next 8
“Unquestionably, working with Rick Newman was the single best decision we made as we were pursuing our dream of owning a B&B. Rick helped us through the complex financing process in today’s challenging environment and was always there for us through the ups and downs. We
“We had spent our entire careers in healthcare and intended to retire from this profession in the not too distant future… then the Covid pandemic hit. After experiencing several difficult situations, Scott put a lot of thought into what our future could be and convinced
“We had been considering buying a Bed & Breakfast for several years. We stayed at B&B’s regularly and kept our eyes on the market, we also took the opportunity to chat with Inn owners across the country whenever we had the opportunity.” “Then, 2020 and the
“For many years, we thought about owning a Bed & Breakfast when the time was right. When we reached that point, we set out to learn as much as we could about becoming innkeepers and how to avoid the pitfalls in finding the right property
“Rick is a master at helping people finance Inns and B&Bs. What not too many people say is that Rick takes each sale personally and you make a friend for life. Rick helped me finance Oak Hill On Love Lane in Waynesville, NC last year,
“We would not have been successful in achieving our goal of B&B ownership without Rick’s help and guidance. His thoughtful and smart approach consistently kept us a step ahead without overwhelming us, even when significant obstacles appeared. He was persistent and creative partner who focused
“For more than 25 years, my grandmother (Rick Newman’s Mother) owned the New Hope Lodge in New Hope, PA. I spent much of my childhood after school with her at the inn watching her work never imagining that one day I would want to own
“We never would be here as innkeepers of the Sheridan House Inn at the gateway to the Grand Canyon, with guests from all over the world delighting in our special brand of Arizona hospitality, without Rick Newman of InnFinancing. It’s a fact that most B&B
The Prequalified Buyer™ evaluation and designation provide Aspiring Innkeepers a credible way to quantify how much purchasing power they really have as it relates to identifying hospitality properties that best fit their financial qualifications and professional or personal objectives. This certification identifies a person or persons as having submitted, the required proofs and documentation for verification and
How can I know how much of a loan I qualify for to purchase a B&B/inn?
How do I determine a fair asking/offering price for the inn/s I am considering?
How much do I need to have for a down payment to purchase an inn?
Owner’s Quarters?
Can I really use my retirement funds to open a business without taxes or penalties?
What if my accountant (or lawyer) isn’t familiar with this type of financing plan or isn’t sure it could be done?
What if I have more than one retirement savings account?
October 22, 2022-October 22, 2022
(10:00 AM-5:00 PM)
The Virtual Seminar is being offered as an alternative to our in-person aspiring Innkeeper sessions. This session covers much of the same material as the One Day Comprehensive Seminar and will help to affirm attendees’ interest in a possible Inn purchase. The seminar includes six hours of instruction and workbooks. Follow-up consultations can be scheduled individually on a case-by-case basis.
The Virtual Seminar begins at 10:00 AM ET and ends at 5:00 PM ET and will welcome attendee Read More
Cost: $99 per device
Location: Your Location
November 5, 2022-November 5, 2022
(10:00 AM-5:00 PM)
The one-day comprehensive workshops include instruction, workbooks, lunch, and personalized consultation (to be scheduled for mutually agreed upon times, dates, and locations). This will be a fast-paced Saturday. We will cover the same material as in the full weekend seminar but without as much time for exercises, questions, and tangents. If you can’t spare a whole weekend, this is a great alternative. Follow-up consultations can be scheduled individually on a case-by-case basis.
Attendees for Read More
Cost: $125 for one person and $175 for two people
Location: Brick Store Museum in the Dane Street Center, 117 Main Street, Kennebunk, ME
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