One-Day Comprehensive Workshop – Lambertville, NJ
One-Day Comprehensive Workshop – Lambertville, NJ November 12, 2022-November 12, 2022 (8:00 AM-5:30 PM) The one-day comprehensive…
Live Hands-On Weekend Seminar for Aspiring Innkeepers
Live Hands-On Weekend Seminar for Aspiring Innkeepers November 4, 2022-November 6, 2022 (5:00 PM-11:00 AM) Have…
North Shire Lodge
"Owning our own business seemed somewhat far-fetched until 2020 turned the world upside down; so we…
Andon-Reid Inn
"Unquestionably, working with Rick Newman was the single best decision we made as we were pursuing…
What should I look for when shopping for the inn of my dreams?
ANSWER: Aspiring innkeepers should attend industry conferences and aspiring innkeeper seminars to get a feel for…
Owners Quarters
ANSWER: Aspiring innkeeper’s needs vary based on many factors. Moving from a single-family home into an…
Location, location, location….
ANSWER: We have all heard this before. As it related to financing, hospitality properties may represent…
Are inns offered “For Sale by Owner” worth considering?
ANSWER: They could be, but it is difficult for a seller to impartially establish the value…
How can I know how much of a loan I qualify for to purchase a B&B/inn?
ANSWER: A pre-qualification encompasses reviewing the loan application and supporting documentation. The review includes data and…
What does a Pre-qualification accomplish?
ANSWER: The Pre-qualification process establishes a range in purchasing power a buyer/s has as it relates…
How does a Pre-qualification differ from a Pre-approval?
ANSWER: A Pre-approval differs from Pre-qualification in commercial lending in that the “Pre-approval” or Term Sheet/Letter…
How do I determine a fair asking/offering price for the inn/s I am considering?
ANSWER: It is difficult to know until all financial documentation has been provided by the seller. …
How much do I need to have for a down payment to purchase an inn?
Depending on the financial history of the B&B/Inn, buyers should have 30% to 40% of the…
Is seller financing a useful tool when financing an inn?
ANSWER: Yes, it can be used, particularly when the property has been underperforming for any number…
How long does it take to process and close a transaction once I/we have identified a hospitality property?
ANSWER: After the contract has been negotiated and accepted, the inspections and mortgage contingency period will…
Can I really use my retirement funds to open a business without taxes or penalties?
ANSWER: In most cases, yes. Our plans are designed to meet the IRS requirements for qualified…
What if I have more than one retirement savings account?
ANSWER: Not a problem; you can consolidate all your retirement accounts in the new retirement plan…
Beechwood Inn
Congratulations and Best Wishes to Eli Marie Rodriguez and Marlon Christoblanco on their purchase of the Beechwood…
Mountain Laurel Creek Inn & Spa
"We had spent our entire careers in healthcare and intended to retire from this profession in…
- 1
- 2
- 3
- 4
- …
- 7
- Go to the next page
