The 8 Broads in the Kitchen love to stir up fun in the kitchen! They are on a sugar high, celebrating their 10th anniversary with the publication of their third and sweetest cookbook, Desserts! A dessert cookbook with stunning photos and mouthwatering recipes. Desserts! has a variety of treasures to satisfy any sweet tooth - from cakes, cookies, cobblers, and crisps to pies and puddings; from family favorites and fruit desserts to icy treats …
Articles
Six Myths About Inn Financing
1. Any bank will finance the purchase of an Inn or Bed & Breakfast. THIS IS A MYTH - Many banks view the hospitality industry as a high-risk property type second only to restaurants. As such, if a borrower is under-capitalized or if the property is under-performing, many bankers may not dedicate the time necessary to understand the whole picture. Banks who portfolio their commercial loans may have limits on property types or industries, as …
Prequalification for a Loan
The Prequalified Buyer™ evaluation and designation provides Aspiring Innkeepers a credible way to quantify how much purchasing power they have as it relates to identifying hospitality properties that best fit their financial qualifications and professional/personal objectives. A Prequalified Buyer™ designation identifies a person or persons as having submitted, the required proofs and documentation for verification and analysis; before …
What should I look for when shopping for the inn of my dreams?
Aspiring innkeepers should attend industry conferences and aspiring seminars to get a feel for the kind of operation that would best suit their financial and lifestyle objectives. This is fundamental to the beginning of a well-planned investment and will save time, capital and energy. Do all that is possible to enjoy the journey by learning from the unpleasant experiences of others. …
How much do I need to have for a down payment to purchase an inn?
Buyers should have 30% of the project cost to cover the following: Down Payment – 10% to 25% Closing Costs – 3% to 6% Reserves – 6 Months Principal &Interest …
