All Bed & Breakfasts/Inns are unique by design; in fact, it is that special and unique quality that distinguishes one Bed & Breakfast/Inn from the next. Innkeepers invest their creative energy and capital over time to create a welcoming and hospitable environment that is unique to their community and valued guests. While the charm and ambiance of an inn add to a patron’s experience, such intangibles have only an indirect effect on the actual value. So, how can an innkeeper determine a realistic, fact-based asking price before marketing their inn for sale? A knowledgeable “B&B …
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Tips for Innkeepers Preparing for a Sale of a Bed & Breakfast or Inn
Conventional wisdom among B&B/Inn consultants is that an innkeeper should have an exit strategy the day they purchase the inn, in fact, some contend it should be part of the initial business plan. Since it is my job to work with a buyer from an aspiring innkeeper to innkeeper, I thought it might be useful to discuss this issue from a lender’s perspective. If you are planning to market your inn for sale in the near future and had written a business plan prior to buying your b&b/inn, get it out and compare your projections to your actual performance. Just like a Broadway show rehearses …
The Aerie
Congratulations to John and Beth Blackwelder, the new owners of The Airie inn located in New Bern NC. The Aerie New Bern, NC …
Black Walnut Bed & Breakfast
Congratulations to Alicia Wilson, the new owner of the Black Walnut Bed & Breakfast located in the historic Montford area of Asheville NC Black Walnut Bed & Breakfast Asheville NC …
Oak Hill on Love Lane
Congratulations to Anna Kitzis, proud new owner and innkeeper of Oak Hill on Love Lane. Oak Hill on Love Lane Bed & Breakfast Inn Waynesville, NC …
