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
Get in touch and begin your journey to “Finding the Business of Your Dreams”
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?
April 20, 2024-April 20, 2024
10:00 AM-5:00 PM
As an Aspiring Innkeeper or hospitality professional, you need a clear vision of starting a bed and breakfast or inn as a business and a lifestyle. In your seminar, we will address and work with you to understand all aspects of this wonderful and rewarding career. Our goal is to ensure that your goals are met as you work through the process. We will work with you to help you decide whether Innkeeping is the right profession for you, personally and financially. Your seminar provides a comprehensive overview of starting a bed and breakfast from Amenities to Zoning. Examples of the many essential “starting a bed and breakfast” topics we cover are:
The Virtual Seminar is being offered as an alternative to our in-person aspiring Innkeeper sessions. This seven-hour 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, workbooks, personalized follow-up consultation, and access to the Virtual Seminar Page of our website which will be continually updated with resource materials for B&B Team seminar graduates.
The Virtual Seminar begins at 10:00 AM and ends at 5PM and will welcome attendee participation throughout the day. There will be a 45-minute lunch break and the seminar will be recorded and sent to attendees so they can review materials in their own time. The cost of the Virtual Seminar is $195.00. Instructors: Eben Viens, David Hiler & Guests
May 4, 2024-May 4, 2024
11:00 AM-4:30 PM
Gain inside knowledge regarding the independent lodging industry with guidance from our expert team along with special guest speakers. Our in-depth seminars will refine your vision and ensure it lines up with your personal, financial, and operational realities of buying, owning, and operating a successful hospitality business. From locating, financing, and evaluating your property, to day-to-day operations and marketing the business, get ready for a crash course in everything you need to know.
Individual: $99, Couple: $149
The cost of this virtual seminar is all inclusive, with live expert instruction, physical and downloadable materials and an optional follow-up video consultation.
Cost: $99 Individual; $149 Couples
Location: Virtual Online
May 25, 2024-May 25, 2024
10:00 AM-5:00 PM
As an Aspiring Innkeeper or hospitality professional, you need a clear vision of starting a bed and breakfast or inn as a business and a lifestyle. In your seminar, we will address and work with you to understand all aspects of this wonderful and rewarding career. Our goal is to ensure that your goals are met as you work through the process. We will work with you to help you decide whether Innkeeping is the right profession for you, personally and financially. Your seminar provides a comprehensive overview of starting a bed and breakfast from Amenities to Zoning. Examples of the many essential “starting a bed and breakfast” topics we cover are:
The Virtual Seminar is being offered as an alternative to our in-person aspiring Innkeeper sessions. This seven-hour 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, workbooks, personalized follow-up consultation, and access to the Virtual Seminar Page of our website which will be continually updated with resource materials for B&B Team seminar graduates.
The Virtual Seminar begins at 10:00 AM and ends at 5PM and will welcome attendee participation throughout the day. There will be a 45-minute lunch break and the seminar will be recorded and sent to attendees so they can review materials in their own time. The cost of the Virtual Seminar is $195.00. Instructors: Eben Viens, David Hiler & Guests
June 8, 2024-June 8, 2024
11:00 AM-4:30 PM
Gain inside knowledge regarding the independent lodging industry with guidance from our expert team along with special guest speakers. Our in-depth seminars will refine your vision and ensure it lines up with your personal, financial, and operational realities of buying, owning, and operating a successful hospitality business. From locating, financing, and evaluating your property, to day-to-day operations and marketing the business, get ready for a crash course in everything you need to know.
Individual: $99, Couple: $149
The cost of this virtual seminar is all inclusive, with live expert instruction, physical and downloadable materials and an optional follow-up video consultation.
Cost: $99 Individual; $149 Couples
Location: Virtual Online
June 22, 2024-June 22, 2024
8:30 AM-5:30 PM
There is no substitute for real life experiences! The B&B Team® promises you the Better Way to Learn Innkeeping™. Join The B&B Team for an interactive and dynamic in-person workshop to learn the ins and outs of the Innkeeping industry!
As an Aspiring Innkeeper, you need a clear vision of starting a bed and breakfast or inn as a business and a lifestyle. In your seminar, we will address and work with you to understand all aspects of this wonderful and rewarding career. We want you to know that our goal is to make sure that your goals are met as you work through the process. We will work with you to help you decide whether Innkeeping is the right profession for you, personally and financially. Your seminar provides a comprehensive overview of starting a bed and breakfast, from Amenities to Zoning. Examples of the many essential “starting a bed and breakfast” topics we cover are:
Innkeeping 101 – industry overview
Building the profile of your inn – make it right for you
Due diligence – know before you buy
Finding and acquiring the inn – the process
Inn financing – what you need to know
Inn valuation – is the price right?
Business planning – your roadmap to success in starting a bed and breakfast
Marketing – blogging, social media, websites, print, networking
Operations – a day in the life of an Innkeeper
The one-day comprehensive workshops include instruction, workbooks, lunch, and personalized consultation (to be scheduled for mutually agreed upon times, dates, and locations) for $225.00 for one person or $275.00 for two. 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. This is a great alternative if you can’t spare a whole weekend. Follow-up consultations can be scheduled individually on a case-by-case basis.
Attendees for the one-day comprehensive workshops should plan on being at the host inn or class site by 8:00 AM on Saturday. We will start at 8:30 AM and run until 5:30 PM. Attendees are encouraged to spend a night at an inn in the hosting market, but this is not required. Contact our team for our preferred lodging partners. Instructors: Eben Viens, David Hiler & Guests
Cost: $225/One Person; $275/Two Persons
Location: River Garden Marketplace 157 Main Street Brattleboro, VT 05301
July 20, 2024-July 20, 2024
10:00 AM-5:00 PM
As an Aspiring Innkeeper or hospitality professional, you need a clear vision of starting a bed and breakfast or inn as a business and a lifestyle. In your seminar, we will address and work with you to understand all aspects of this wonderful and rewarding career. Our goal is to ensure that your goals are met as you work through the process. We will work with you to help you decide whether Innkeeping is the right profession for you, personally and financially. Your seminar provides a comprehensive overview of starting a bed and breakfast from Amenities to Zoning. Examples of the many essential “starting a bed and breakfast” topics we cover are:
The Virtual Seminar is being offered as an alternative to our in-person aspiring Innkeeper sessions. This seven-hour 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, workbooks, personalized follow-up consultation, and access to the Virtual Seminar Page of our website which will be continually updated with resource materials for B&B Team seminar graduates.
The Virtual Seminar begins at 10:00 AM and ends at 5PM and will welcome attendee participation throughout the day. There will be a 45-minute lunch break and the seminar will be recorded and sent to attendees so they can review materials in their own time. The cost of the Virtual Seminar is $195.00. Instructors: Eben Viens, David Hiler & Guests
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