When it comes to running a property, there’s a lot of elements to keep track of. Sometimes it can be overwhelming, especially when it comes to running the business side of things. A crucial component to running a successful inn is managing and maximizing revenue. Keep reading, and we’ll tell you all about our tips for inn revenue management. To learn moreRead More
Category: Inn Financing
How to Navigate the Process of Financing a Bed and Breakfast
Innkeeping is about striking the proper balance between financial needs and personal desires. Finding the sweet spot often involves financing a bed and breakfast, and you should understand the ins and outs before beginning this process. Don’t worry, though. Inn Partners has you covered with everything you need to know to navigate it like aRead More
The Facts on Financing and Interest Rates for Inn Buyers
We hear constant misinformation about the availability of financing a purchase of a Bed & Breakfast Inn. In fact, I believe it has never been easier to find excellent financing packages. It is just a question of looking in the right place. I can assure you that the large, interstate banks (Bank of America, Chase) willRead More
Day Two of the Innkeeping Seminar
Prodding along my winding, wet walk through the green forest has cleaned the cobwebs out of my brain. Bill and I, along with our associate Tim Piper, have been trying to formulate new ways to make our Seminar for Future Innkeepers more valuable, more personal than speeding through the manual, like a galloping pony seeking sustenance without pause. TheRead More
A Call to Action
Since the President’s State of the Union address, we’ve heard a great deal about making financing available to small business. The truth is, that excellent financing has been readily available all along in our domain. Community Banks (who do not lend to Bezerkistan) have money to lend, and interest rates, usually fixed for 5 years,Read More
Food for thought
In these troubled times, it is natural to lower the risk factor in any important financial decision. For future Innkeepers who choose to seek out going concern Inns for purchase, it is a wise choice. A going concern has a history and that history will inform us of what that Inn’s capabilities are. That beingRead More