Virtual Seminar for Future Innkeepers /// Seminar Materials
Things to Do Before the Seminar
Seminar Registration. Please complete this Seminar Registration before our session on Saturday morning. This will ensure we have accurate contact information for attendees. In addition, it helps us to understand your interests and desires as they relate to a possible Innkeeping career.
Business Model Worksheet. Familiarize Yourself with the Business Model Worksheet, which will guide our conversations regarding important elements as you consider an Inn purchase, and navigate a successful Innkeeping career.
Virtual Seminar Manual. This is a copy of the complete manual for the seminar. Various elements of this manual will be included as links below.
An Open Letter to a New Innkeeper. This article was written by previous Inn Partners' clients who purchased a full service Inn in New Jersey and since selling the property have become leading hospitality photographers in the industry. It is a good introduction to thinking about the Innkeeping pursuit.
Session I: Evolution of the Bed and Breakfast Concept
This session provides historical and social context to the pursuit of hospitality specifically as it relates to independent lodging properties in the U.S.
Session II: Bed & Breakfast and Country Inn Statistics
In this session, we use industry study data to show how location, size, and style of your hospitality property will impact occupancy, average daily rate and beyond.
Session III: Building Your Business Model
In this session, we will discuss the characteristics of a successfully Business Model for Acquisition, addressing the importance of location, size, style of service, and industry trends.
Materials:
Session IV: The Personal Side of Innkeeping / Operational Considerations
In this session, Inn Partners founder and psychologist Heide and Bredfeldt discusses the personal characteristics that make for successful Innkeepers and shares stories related to her ownership and management of a destination full service Inn in Vermont ski country.
Materials:
Session V: The Sales Process and Inn Financing
Often the topic of most interest to aspiring Innkeepers, is how the sales process is traversed, especially in relation to securing adequate Inn financing from a third party lender or by other means. In this session, we will discuss the process in detail.
Materials:
Session VI: Standard Cost Analysis
The main goal of this session is to discuss the standard income and expense categories for Bed and Breakfast properties and dinner service Inns. Using data from industry studies, we will review standard cost for various Inn-related expenses, from food and labor costs, to marketing and utilities.
Materials:
Session VII: Valuation of an Inn
In this session, we will review a sample Valuation of an Inn property, looking at the six approaches to value often used in establishing value (and therefore price) for going-concern B&Bs, Inns, and Boutique Hotels.
Materials:
Session VIII: Inn Marketing 101
In this session, we will review a sample Valuation of an Inn property, looking at the six approaches to value often used in establishing value (and therefore price) for going-concern B&Bs, Inns, and Boutique Hotels.
Materials:
Other Documents of Interest
In this session, we will review a sample Valuation of an Inn property, looking at the six approaches to value often used in establishing value (and therefore price) for going-concern B&Bs, Inns, and Boutique Hotels.
Housekeeping Related
- SR Housekeeping Checklist
- SR Housekeeping I Department Training Sheet
- SR Housekeeping I Daily Refresh Checklist
Employee Manuals
- Inn Service Manual
- Manager Employee Manual
- Innkeeper Employee Manual
- Assistant Innkeeper Employee Manual
- Front Desk Help Employee Manual
- Server Employee Manual
- Housekeeping Employee Manual
- Cook Employee Manual
- Dishwasher Employee Manual
- Maintenance Employee Manual
Miscellaneous/Personal Considerations
