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.”
“Sam and I were one of the lucky ones. We found Rick right at the start and before hiring any of our other professionals of the great team that helped us buy Lookout Point Lakeside Inn. While away for Thanksgiving weekend 2016, we huddled in
“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
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?
March 30, 2023-April 2, 2023
3:00 PM-1:00 PM
The Hands-on Workshop is a boot camp that occurs over 4 days limited to a maximum of 2 teams and occurs at selected small lodging properties where you will stay and work throughout the entire workshop. Your workshop includes personalized instruction, a workbook, (2) lunches, and (2) dinners included in the workshop fees plus private consultation within one year after the workshop. The bed and breakfast provides breakfast each morning and daytime beverages and snacks. Dinner on Friday evening is Read More
Cost: $999.00 for one person and $699.00 for a second related person or person from the same property
Location: Foxfield Inn, Charlottsville VA
September 7, 2023-September 10, 2023
3:00 PM-1:00 PM
The Hands-on Workshop is a boot camp that occurs over 4 days limited to a maximum of 2 teams and occurs at selected small lodging properties where you will stay and work throughout the entire workshop. Your workshop includes personalized instruction, a workbook, (2) lunches, and (2) dinners included in the workshop fees plus private consultation within one year after the workshop. The bed and breakfast provides breakfast each morning and daytime beverages and snacks. Dinner on Friday evening is Read More
Cost: $999.00 for one person and $699.00 for a second related person or person from the same property
Location: Armory Park Inn, Tucson, AZ
Five in Five Virtual Workshop offers a steady pace of online learning over a period of five weeks. Weekly 2-hour sessions are scheduled to tackle each area of focus, with assignments to be completed between each session. All sessions are considered one-on-one learning experiences with content customized to meet your vision. The start date is scheduled to meet your schedule.
Fees: $1500 – A confirmation and invoice with payment instructions will be sent directly to you upon registration.
Cost: $1500
Location: Your Location
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