Affiliate of the B&B Team®, Inn Consultants and Brokers since 1993
Wow! That is a big question. Here is a short answer: If you are purchasing a bed and breakfast you will likely obtain financing from a bank. A small B&B with modest income is generally viewed as real estate: loan approval will be based on real estate…
I was recently asked this question via Google My Business. Here is a VERY brief answer. Each type (existing B&B or start-up) has its own challenges and varying returns on your investment. What is best depends on your financial situation, experience and business model. A start-up B&B…
Is This Your Team? Banks, buyers, and B&B owners need the same thing: complete and accurate financial information. No one can accept “Dazed & Confused” profit and loss statements and tax returns. The importance of this can’t be overemphasized. As my colleague Scott Bushnell once said: “Building…
Buying or selling an Inn or Bed and Breakfast can be a complex process. The purchase of a bed and breakfast almost always requires that buyers obtain mortgage financing. Lending practices have certainly changed since the 2008 “crash”. The good news is that mortgage rates remain low…
