Innkeeping – a Seminar for Future Innkeepers

Innkeeping can be a very rewarding career for individuals who enjoy people and want to be self employed.  However, Innkeeping is not for all people.  To truly understand Innkeeping we suggest that education be on the top of the list before taking the plunge!  
Education happens by speaking with current Innkeepers, staying at Inns, and keeping [...]

Aspiring Innkeeper Seminar June 8th-10th, Newcastle, ME

If you are an Aspiring Innkeeper, then this Seminar is for you!  The format for this Seminar has been developed over a twenty-six year period.  It is a strong foundation for those that are considering Innkeeping as a profession.  We not only teach you how to develop a working model, but will assist you in [...]

Are You Ready to be an Innkeeper?

Timing is everything. The following questions are meant to make you think about the realities of becoming an Innkeeper and the implications of this lifestyle change for you and your family. Innkeeping is a rewarding profession when it is done at the right time. Here are some things to consider:

Does your [...]

Leasing a Bed & Breakfast

During these difficult times of recession and the credit crisis, we have been thinking more about the use of Lease Options as a method of transferring Inns and Bed and Breakfasts. There clearly are some advantages for both Sellers and Buyers of Inns by allowing a faster closing period without the necessity [...]

Buying a Bed & Breakfast in Uncertain Times

In several previous postings on our Blog, we have looked at various ways that Sellers can improve the performance of Country Inns and Bed and Breakfast Inns. All of this was done from the Sellers’ standpoint in order to add value to the sales price. In this Article, we are going to [...]

How to Find a Bed & Breakfast

This is one of the most asked questions at every one of Oates & Bredfeldt’s Innkeeping Seminars. How can I find my ideal Inn? The answer is very easy, but counterintuitive. We say simply to “Stop looking at Inns for sale!” Here is why:
Location, location, location is still the golden rule. Searching [...]

Is the Bed & Breakfast Priced Correctly?

This article will appear in the next PAII Newsletter for Aspiring Innkeepers.
Of all the questions that we are asked during our Innkeeping Seminars and in our consulting practice, the most important, and most frequent, one is “How can I know if the price for an inn is the right one?”
First, some [...]

The Art of Obtaining Financial Information When Buying a B&B

It always amazes me when dealing with people looking to purchase an inn. The other day I received an e-mail inquiring on a property valued at $1.8M. The e-mail was simple. It said “This is the type of inn we are interested in. So, if you can pass on to me 3-5 [...]