Buy A Bed And Breakfast ^HOT^
Bed & Breakfast for Sale was founded more than 20 years ago by industry leaders, educators and seasonedhospitality consultants with a clear understanding that marketing bed and breakfasts and other small lodgingproperties for sale requires unique focus. With thousands of previous and current listings and hundreds of sales,Bed & Breakfast for Sale remains the most effective, user friendly B&B Directory for connecting buyers and sellersof bed and breakfasts, historic inns, boutique hotels, guest houses and other small lodging properties.
buy a bed and breakfast
Large 4 bedroom, 4 bath historical home, completely remodeled and well maintained with inground pool, jacuzzi, and beautiful private back yard. Located in historical Calvert Texas with easy commute to College Station Texas and Waco Texas. Great opportunity for bed and breakfast inn or weekend renta
Beautiful registered historical bed & breakfast home waiting for its next owner. Even though totally updated, it still has the look and feel of its era. Come take a step back in time from the hustles and bustles of life to enjoy this charming bed & breakfast.
Welcome to the charming town of Maysville! This stunning 5 bedroom 5 1/2 bath historic row home on Market Street, just a short walk to the heart of downtown, is the perfect place to start living your dreams as a bed and breakfast owner or add to your existing business portfolio.
There are a number of advantages to buying an established bed and breakfast since a lot of the groundwork has already been done for you and the revenue stream should be immediately accessible for you.
Obviously some businesses are more successful than others and there are many reasons for this. However, you can at least eliminate any fault of your own by ticking all the boxes when it comes to best practice management of a bed and breakfast.
Your bed and breakfast business deals with customer expectations, so the most important thing for you is to pass the right message to your customers. You need to formulate how your brand will be defined and how it will be viewed by travellers. Tweak your website so that it speaks the language of your ideal guests. Make it about them, not you. Try not to appeal to everyone, but appeal deeply to your ideal guest. Once you are clear on who you want to serve, then ask them what else they would love to buy from you, and then develop more products and services based on what they want.
Owning a bed and breakfast is a dream of city-weary professionals attracted to the idea of tossing aside the 9-to-5 life, yet still earning a living, making friends and working for themselves. The price tag and the day-to-day work and expenses of running a meal-serving inn might seem steep, but there are plenty of people turning the dream into reality.
Being busy makes the bed and breakfast profitable, but it can be tiring. Owners tend to take time to rest in long holidays. Friend and Barber, for instance, use quiet time over the winter to reinvest in the property and take a month-long vacation.
Depending on size, location and the extent of renovations or retrofitting needed, an operational bed and breakfast could cost as little as $200,000 in rural or lesser-travelled locales and upwards of $600,000 or more in parts of Europe or in historic towns.
As for the payoff, in the US, an average bed and breakfast has 9 rooms and between $200,000 and $500,000 in annual revenues. More than 30% of that is profit post-expenses (such as food, payroll, utilities and maintenance of the guesthouse), according to Professional Association of Innkeepers International survey.
Figuring out the right place to buy can take several years. Snodgrass purchased her bed and breakfast after she had lived on St Thomas for five years. The Zocchis saw more 50 properties in the Tuscany area in Southern Italy over two years, before stumbling upon La Palazetta with their real estate agent. The property had been abandoned for 40 years and needed two years of renovation.
For those dreaming of a quaint life, keep in mind, running a bed and breakfast yourself might be more work than the day job you left. Days can run from the break of dawn until well after dinner and include preparing meals, cleaning rooms, advising guests and marketing work, said Snodgrass.
A romantic room for two in a historic home, aglow with the patina of lovingly restored antiques, the luster of fine china, and the sparkle of silver. A fire crackles in the hearth and the rich scents of fresh coffee and homemade cinnamon rolls waft up from the kitchen. It's the picture most people conjure when they consider a stay at a bed and breakfast. And it's an accurate portrait.
But not the only one. Bed and breakfasts are lodging with a twist. They're typically found in historic homes, from Revolution-era townhouses to Queen Anne mansions to Craftsman bungalows. But B&Bs also occupy such nontraditional buildings as colonial taverns, Gay '90s schoolhouses, Roaring '20s banks, Victorian lighthouses and a panoply of other structures steeped in history and romance. And you'll also discover wonderful B&Bs in modern Manhattan high-rises, on working dairy farms and cattle ranches, and in many a new home perched beside a river, lake or the sea.
Best of Both WorldsWhat exactly is a bed and breakfast? It's a sort of hybrid between a luxury hotel and a private home, embodying the best of both worlds. A B&B is generally a small establishment with four to 10 guest rooms instead of the 50 to 100 or more found at most hotels. The owners live on-site and interact with travelers as if they were invited guests rather than anonymous temporary room numbers. And guests are treated to lost of little deluxe touches like chocolates on their pillows, turn-down service, and baskets of bath and beauty products set out on Jacuzzi tubs.
And, of course, there's the "breakfast" in bed and breakfast, a sumptuous home-cooked repast that comes with the price of the room and is served each morning in a communal dining room or in the guest's own quarters. B&Bs also tend to feature frosty glasses of iced tea or lemonade on the porch on hot summer afternoons; cups of cocoa after sleigh rides on wintry afternoons; plates of cookies in the kitchen; and wine and cheese in the parlor on dusky evenings--all a part of the room rate.
No wonder bed and breakfasts are so popular.and becoming more so all the time. According to the Santa Barbara, California-based Professional Association of Innkeepers International (PAII), in 1980 there were a relative handful of B&Bs/country inns--1,000 properties that hosted 1 million guests. At the latest count, at the turn of the millennium, that figure had swelled to 28,000 properties hosting 50.5 million guests.
The Profit FactorWhether you want to start a B&B to escape the rat race, to supplement your income, to create a business out of a historic home that you love, or to indulge your love of being a host or hostess, you'll want to know the profit factor. What revenues can you expect as a bed and breakfast host?
Keep in mind, however, that the bed and breakfast is not a high-income industry. "This is not a business you go into to make a lot of money," cautions Nancy Sandstrom, a former lecturer on B&B startups and now in her sixth year as an innkeeper. "You can make a profit, and many of your personal expenses are semi-covered. But it's a lifestyle decision. You'll make your real profit when you sell."
However, it doesn't all have to be doom and gloom. Not all bed and breakfasts are seasonal ones. And even if yours is, there are things you can do to generate off-season traffic, like inventing reasons for guests to visit other than beachcombing or skiing. The seaside B&B might host a Victorian Christmas weekend to bring those summer people in during winter, for example, while the ski resort B&B might feature a "Murder Among the Pines" mystery weekend to attract tourists during summer.
Which brings us to the all-important issue of zoning. Zoning ordinances vary tremendously from one locale to another, and are typically regulated by the city or county planning commission or planning board. Some municipalities, operating under the quirky assumption that boarding houses and tourist homes are still common, will consider a homestay (a tiny B&B that's used for supplemental income and usually doesn't advertise) or smaller B&B a residential business and let it go at that. Others feel that any bed and breakfast is a commercial enterprise that belongs in a business district. Still others, unfamiliar with the B&B concept, decide on a case-by-case basis.
If your B&B is located in a business district, you'll probably pass with flying colors. But if your neighborhood isn't zoned for a bed and breakfast, you'll have to apply for a variance or a conditional use permit.
This generally means you appear before the planning commission as a star in your very own courtroom drama. You explain how your business will operate and why it won't change or harm the tenor of the neighborhood. If your town is B&B-oriented, with a number of bed and breakfasts already in operation, you shouldn't meet with much opposition. But if you'll be a pioneer, you may also need to explain how bed and breakfasts actually improve neighborhoods.
So where exactly do you start? Go back to your market research. Take a look at the rates charged by everybody in your town, from budget motels to luxury hotels to, of course, other bed and breakfasts. Then decide where you fit into the lodging hierarchy. If you're a simple homestay, offering a family atmosphere but not a lot of frills, you might want to price your rooms comparably with an upper-range motel or similar B&B. If, on the other hand, you've got luxury amenities and an elegant ambience, you might price your rooms to match those of luxury hotels or upscale bed and breakfasts.
While cleaning help is often the first task for which you turn for help, it's certainly not the only one. If you're a clean machine who enjoys the cardiovascular crunch of whizzing around with a vacuum, dust rage and sponge, but you hate number-crunching with a passion, you might find your employee dollars are better spent hiring a bookkeeper than a chambermaid. If you can command higher room revenues by sharing your expertise with your customers over a leisurely breakfast than rushing back and forth from the kitchen, then you might find it wise to hire a cook or kitchen helper. 041b061a72