By Rick Newman, Managing Partner of Commercial Capital Network All Bed & Breakfasts/Inns are unique by design; in fact, it is that unique quality that separates one Bed & Breakfast/Inn (B & B/Inn) from the next. Innkeepers invest their energy and capital over time to create a welcoming and hospitable environment that is unique to […]
Using Your 401(k) or IRA to Purchase a Bed & Breakfast/Inn
By Rick Newman, Managing Partner of Commercial Capital Network, LLC www.bedandbreakfastfinancing.com Very few investors/entrepreneurs realize that they have the ability to finance the purchase of a business with retirement funds. Most people believe that there are only two options available to them if they want or need to access capital from their plan/s, namely, either borrowing […]
Credit Reports & Reporting Agencies
By: Richard K. Newman, Managing Partner of Commercial Capital Network www.bedandbreakfastfinancing.com Note: This material is being provided for general information purposes. This overview is intended to alert the reader to the importance of managing his/her credit. General guidelines, material and other information is being provided as a courtesy. No representations or warrantees are made as […]
Selling Weddings The Smart Way
By Johannes Tromp *Weddings celebrated at inns can be a great source of extra revenue and a significant contributor to the bottom line. *To protect your property and reputation, innkeepers need to participate in the wedding planning and be fully informed of all the event details *A poorly planned wedding or miscommunication between the contracting […]
Top Ten Tips To Increase Occupancy Before You Sell
by Pamela Lanier 1. Work Your Guest List. Send all of your past guests a compelling special or two in postcard or letter format to entice them to come back. If you already have a print newsletter, bring it up to the moment and include that, too. 2. Send an email or e-newsletter to your […]
Dealing with Damaging Online Reviews
by Maxine Pinson Over a cup of coffee, an innkeeper and I swap B&B experiences. After a moment of silence, she says: “I’m glad you like our inn, and I appreciate your positive comments. Our bed and breakfast inn is like our baby, and that’s why having an inaccurate, negative review posted online about our […]
A Taste of Country Life
This is an independently written review of The B&B and Country Inn Marketplace that appeared in the December 1998 issue of Real Times, now called Realty Times. Reprinted with permission. www.realtytimes.com Appeared in our Fall 1999 issue. Have you ever daydreamed about leaving your fast-paced lifestyle behind – the job, the traffic, the congestion – […]
Selling Your Bed and Breakfast
Appeared in our Winter 1999 issue When the time comes that you are finally ready to sell your B&B, will your B&B be ready to sell? Will a buyer be willing to pay for the potential that you feel your B&B has? B&B owners can’t always predict the future, will your health hold up? How […]
You stayed where? At a what?
These were among the dubious responses I received twenty-eight years ago, after returning from my first trip abroad, when I babbled away about the wonderful B & B’s my husband and I stayed in throughout Europe. I was hooked on B & B’s after my first experience, and I returned to The States anxious to […]
Financing a Bed and Breakfast
Appeared in our Spring 2000 issue Here in beautiful Savannah, Georgia, Bed and Breakfast opportunities are all around. A look down any street in the historic district would reveal a house that you could just imagine as a perfect bed and breakfast location. That fact has not been overlooked by local entrepreneurs, because we are […]
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