Inns for sale - presale

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JunieBJones (JBJ)'s picture
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If you are currently in the market to BUY an existing INN (turn-key) - please use this thread to describe some of the things you require for your ideal place.

ie 4-5 rooms, small town usa or off the beaten track, acreage, specific market - ie skiing, fall foliage, regionality - ie NE, SE, anything you might be interested.  List requirements, and wish-fors, price range...

I decided to ask this as there are some who have not listed their B&B's but are in the process of preparing/renovating getting the ducks in a row for sale.  You might just find something that is not on the market yet that meets your needs.

If you place information here, please make sure your current email is on the contact portion of your user id.  Some may not be willing to let the world know they are getting ready to sell, but might wish to email you off the forum.

Go for it!

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JunieBJones (JBJ)'s picture
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Sorry Irongate. 

IronGate's picture
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JunieBJones (JBJ) wrote:

Sorry Irongate. 

Thanks.

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Remember that silence is sometimes the best answer.

 

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I hope you don't have to rule it out yet.  I'm one of the longest aspirings here & we were finally able to renovate a house...and then a second house...and open.  Now we're in debt up to our eyeballs, just like the guy in the commercial on the riding mower.  lol!  Hang in there!

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People don't notice whether it's winter or summer when they're happy.
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Thanks GG. I couldn't remember the name of the thread and was too lazy to find it. Thanks for being the go-getter you are!!!! 

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Just bumping this post up so the new aspirings could post their wants

IronGate's picture
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GeorgiaGirl25 wrote:

Just bumping this post up so the new aspirings could post their wants

I want it all.

And I want it now.

Simple, really. 

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IronGate wrote:

I want it all.

And I want it now.

Simple, really. 

That about sums it ALL up for me, too!

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penelope wrote:

IronGate wrote:

I want it all.

And I want it now.

Simple, really. 

That about sums it ALL up for me, too!

I apologize for being snarky.  This weekend, a giant chasm opened up between me and any hope of ever opening an inn, and I'm feeling a little, um, disappointed.

I guess I'll have to cancel the order for the china . . .

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IronGate wrote:
I apologize for being snarky.  This weekend, a giant chasm opened up between me and any hope of ever opening an inn, and I'm feeling a little, um, disappointed.

I guess I'll have to cancel the order for the china . . .

Ya never know...

I didn't think I could ever afford to do this, yet here I am. 

Of course, if the issue is willingness on the part of an SO, well, can't help you there.  But for money... where's there's a will (and some patience) there's a way.

In the meantime, my sympathy...

=)
Kk.

IronGate's picture
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Yes, it's money, in a nutshell, but not for any reason you can imagine.  It's way more money than I could ever have imagined.

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IronGate wrote:

Yes, it's money, in a nutshell, but not for any reason you can imagine.  It's way more money than I could ever have imagined.

We owned a dingy little house in a quaint little town in Maryland... we used the equity from it to buy a BIG but somewhat neglected house in Ashland, Ohio. We renovated it using money I inherited when my parents died before they retired (at 61). 

But we're talking small B&B in a small town in the midwest.  We knew we could never afford anything on the east coast, or anything turnkey, but we looked until we found a place we could make it work.

Here's hoping that with time and patience (and a little good fortune) you'll realize your dream

=/
Kk.

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So sorry to hear that IronGate.

 

Don't give up hope. Hope is what keeps us going. Hope is what makes us wake up in the morning. It might just be a comma in your sentence. It doesn't have to be a period. You never know what is in store for you if you quit. This could just be a redirection for you but heading toward the same goal.

 

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IronGate wrote:

penelope wrote:

IronGate wrote:

I want it all.

And I want it now.

Simple, really. 

That about sums it ALL up for me, too!

I apologize for being snarky.  This weekend, a giant chasm opened up between me and any hope of ever opening an inn, and I'm feeling a little, um, disappointed.

I guess I'll have to cancel the order for the china . . .

Want to talk about it or no? Sorry about whatever it was that happened...

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Most people die of a sort of creeping common sense, and discover when it is too late that the only things one never regrets are one's mistakes. - Oscar Wilde

 

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Bree wrote:

IronGate wrote:

penelope wrote:

IronGate wrote:

I want it all.

And I want it now.

Simple, really. 

That about sums it ALL up for me, too!

I apologize for being snarky.  This weekend, a giant chasm opened up between me and any hope of ever opening an inn, and I'm feeling a little, um, disappointed.

I guess I'll have to cancel the order for the china . . .

Want to talk about it or no? Sorry about whatever it was that happened...

I wish I could, but not online. 

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My criteria:

1.  NC mountains -- near Boone, Asheville or Highlands

2.  2-3 acres, somewhat remote so that we can buy more acreage down the road

3.  6-10 rooms

4.  house can be old or new -- just needs to be easy to add on wings or reno

5.  en-suite baths, or ability to add en-suite bath to existing rooms

6.  preferably near water, especially great if on property -- creek, brook, lake, pond, waterfall -- any kind!

7.  separate OQ

Otherwise, very open at this point!

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Thanks JBJ!!! Great idea. I guess this is in response to my post yesterday? So here goes!

  • 5-8 rooms
  • Private baths
  • Up to a 3-hour drive from DC
  • Not much preference in terms of Victorian v. Modern, but something with wow factor, since we'd like to do elopements and maybe small weddings

Preferred:

  • at least 1 acre
  • in or near a town with ethnic/cultural diversity
  • historic and/or university town
  • owners' quarters with 2BR, office and connected kitchen, that can be segregated from guest areas

We're willing to do a bit of renovation, so if there's zoning/land to do so, then we're flexible.

Emspiers, I'll look out for you, too! Thanks everyone!!

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stephanie wrote:

Thanks JBJ!!! Great idea. I guess this is in response to my post yesterday? So here goes!

  • 5-8 rooms
  • Private baths
  • Up to a 3-hour drive from DC
  • Not much preference in terms of Victorian v. Modern, but something with wow factor, since we'd like to do elopements and maybe small weddings

Preferred:

  • at least 1 acre
  • in or near a town with ethnic/cultural diversity
  • historic and/or university town
  • owners' quarters with 2BR, office and connected kitchen, that can be segregated from guest areas

We're willing to do a bit of renovation, so if there's zoning/land to do so, then we're flexible.

Emspiers, I'll look out for you, too! Thanks everyone!!

Even if you buy turnkey there are always "renovations" to be done.  Property improvements.  That is what I would keep my eye out for, you will see that often enough- room for improvement.  That is something that any good for sale packet will have in it, improvements to the place, listing the cost.

I say this to guests at least once a week.  They ask "Did you have to do much to this place when you bought it."  I always chuckle and think, yeah a 115+ year old house, sure nothing every needs to be done! 

But I say to them, "Every person who has ever lived here takes full credit for doing everything. And they were right!"

Before becoming a B&B, it was a Dr's office.  Before that, apartments.  Until it becaome a B&B there was ONE bathroom here.  Now we have 8.

So it is ongoing - improvements.  The improvements are what make more money, imo.  That is what our goal is.  We have an attic that can be turned into something, it is on the list, but after we complete other jobs.  We like to do one MAJOR improvement per year - besides the maintenance which is ongoing for old houses.

Looking back, it is great to see all that has been done. 

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Can't wait

I don't even know how to fix a running toilet yet, but I love figuring things out. Plus one of the benefits of the DC area is we potentially have reno help there.

By the way, we were/are also considering the Catskills and Amherst/Northampton, MA, so any leads there would be welcome. But our current focus (and where I have the least knowledge) is NoVA, MD and So. PA.

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stephanie wrote:

Can't wait

I don't even know how to fix a running toilet yet, but I love figuring things out. Plus one of the benefits of the DC area is we potentially have reno help there.

By the way, we were/are also considering the Catskills and Amherst/Northampton, MA, so any leads there would be welcome. But our current focus (and where I have the least knowledge) is NoVA, MD and So. PA.

We took one afternoon and $20 in parts and fixed 7 running toilets. Saved us a fortune in water and sewer fees. How come that wasn't done by the PO'S? They didn't know how, didn't have any tools, and refused to pay someone else to do it. So they spread the cost out over the water bill. It was annoying to the guests to hear that all night. THAT alone should have spurred them to fix it.

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Well, luckily DH is in charge of toilets and pretty handy, but I really have to learn these things.

I occasionally have him peek at threads that pertain to us and he flipped out when he saw Sanctuary's boat. "Let's get a yacht B&B!" Then I showed him all the maintenance she has to do... that put an end to it. We'll be grateful to be learning how to plumb on dry land.

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Good for you both to know how to do those pesky routine repairs!  I was always pretty handy but I've learned a lot since buying a 1900's house and an 1860's house.  haha!  I actually replaced the old type ball valve in a toilet tank with the newer valvetype in one of our bathrooms all by myself because I was tired on waiting for my dh to fix it.  woo hoo!  Funny what makes us happy after getting into the B&B biz. 

It's a mystery to me (other than extreme lack of funds) why some folks don't do some routine maintenance and repair in guest accommodations at the very least.  Like that toilet valve or Bree's story. 

Good luck with your search.  Remember that if you see an inn/B&B that you think might be "the one", it doesn't hurt to ask the owners if they'd consider selling.  Many innkeepers have an exit plan but just haven't put their property on the market yet. 

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Samster wrote:

Good luck with your search.  Remember that if you see an inn/B&B that you think might be "the one", it doesn't hurt to ask the owners if they'd consider selling.  Many innkeepers have an exit plan but just haven't put their property on the market yet. 

Thanks for the tip! Don't know if I'd be gutsy enough to do that just yet, but I'll keep it in mind for a back-up strategy.

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It's not really gutsy.  Many innkeepers have a plan to sell at some point.  I know of at least 2 people that bought their inns that way!  They also got a better deal because they were able to work it out without going through a broker.  The worst that can happen is that they're flattered that you considered their inn to be the one you want but they say no Smiling

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LOL  Sometimes us DHs need to be protected from our impulses.  Eye-wink

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Oh, we take turns.

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Thanks GH. I was telling another innkeeper on this forum that having worked in the industry for the past two years as an Innkeeper Assistant, I have learned LOTS. The inn that I work at right now has BECOME the destination. I know that being IN a destination and BEING the destination are two totally different animals. It would be interesting to work with a Tourism Div that actually works WITH the industry!!!

 

Edited to add: WOW, WOW, WOW...what a webiste your Tourism Div has...that is crazy!!!!

 

Why aren't they ALL like that????

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penelope wrote:

Thanks GH. I was telling another innkeeper on this forum that having worked in the industry for the past two years as an Innkeeper Assistant, I have learned LOTS. The inn that I work at right now has BECOME the destination. I know that being IN a destination and BEING the destination are two totally different animals. It would be interesting to work with a Tourism Div that actually works WITH the industry!!!

 

Edited to add: WOW, WOW, WOW...what a webiste your Tourism Div has...that is crazy!!!!

 

Why aren't they ALL like that????

Meant to ask you before, but forgot   What state do you work in?  I was going to send you an email but you don't have your email added. 

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I am in Ohio

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Monday - Wednesday is the Governor's Conference on Tourism. The Div will give us the results of the latest very expensive survies they have done and lay out the marketing plan for 2009 that we, the industry, can co-op ads in for less than if we bought them ourselves or where the Div will have ads that we can get some extra bang from being in also (those only the Big Boys can afford!). There will also be speakers who are "experts" in the industry, such as Peter Y the travel guru. I do not remember who will be there this year.

The year my Assoc partnered with NC, SC, & VA for a Conference, our Division made all the signs we needed for the workshops, vendor area, etc - for free, shipped them with easels and included all the prepaid stuff necessary to ship them back (easels). They usually gave us partnerships that paid for our tote bags for the Conference or else gave us the bags - the kind that are either small duffles or back packs depending on how you draw the strings.

Any info you need if they have it - FREE.  And they are a great grop of people who work there - they all but write the grant applications for you, if it needs reworded, they basically tell you what it needs to say to get approval.

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Check out www.wvbnbs.com inns for sale. WV has a lot of areas that are boonies without the  extremes of temps, mountain areas that are ski season in winter and gorgeous scenery in Summer and Fall. Would love to welcome you to our wonderful, wild State. We also have a Tourism Division that truly works with the industry.

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I am very open right now.

I guess our definition of "rural" would be something that is NOT in the middle of any town/village/city. On the skirts, more or less. My hubby is an outdoorsy kind of guy. Grew up on tons of acres in Northern Maine. I couldn't put him in a town, he would shrivel up and die.  I don't know if he could handle streetlights, sidewalks and hearing horns honk and sirens blare.

RIght now, he is chopping firewood by hand on the side of a mountain in Maine.

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Hey penelope,

where in northern Maine did your husband grow up? (if you don't mind saying) i have family there & i'm just always surprised when i hear someone else from that area. If you don't want to say, that's fine, i understand.

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He grew up outside of Millinocket. It's about an hour north of Bangor up I-95.

 

Where is your family from?

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Houlton, which is an hour further north of MIllinocket. Houlton is at the end of I-95

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Keep going...my hub's family is from NB. (Altho not east of Houlton, he's north of Madawaska.)

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if you cross over to canada from houlton you are in woodstock n.b. houlton is about 3 miles from the border crossing. we have a camp in even more northern maine on st. froid lake. that is closer the fort kent area than it is houlton. our camp is about 2 hours north of houlton.many poeple don't realize there is so much life above portland or bangor even. the ones who don't realize would never dream of going there because they seem to think we have snow from September - June! lol! maine is a big beautiful state!

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The Fort Kent area is where my husband's family all now live. We were just up there a few months ago. It sure is pretty. I think their snow season is from Sept-May, not June  Eye-wink

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emspiers wrote:

I am very open right now.

I guess our definition of "rural" would be something that is NOT in the middle of any town/village/city. On the skirts, more or less. My hubby is an outdoorsy kind of guy. Grew up on tons of acres in Northern Maine. I couldn't put him in a town, he would shrivel up and die.  I don't know if he could handle streetlights, sidewalks and hearing horns honk and sirens blare.

RIght now, he is chopping firewood by hand on the side of a mountain in Maine.

See you are showing your NE -ness, people do not honk in small towns.  That would be rude. 

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[/quote]

See you are showing your NE -ness

[/quote]

Oh no!!! My NE-ness is showing??? Yikes, I need to cover that up!!!

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one more question, two kids...same sex = share a bedroom or diff sex require two addtl bedrooms for them?  Spacious OQ, separate not as in a building, but private. Not on the same floor as the guest rooms. 

The scary part is you have described my place.  LOL! I am serious.  I was not starting this thread to sell it to you, really I wasn't.  All except N of VA line.  We are not north of that.  HA HA!  We can do dinners here...anything we want we can do, the town begs us to do it!

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Okay, email me off forum and we can talk... I don't know which one you are.

 

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emspiers wrote:

Okay, email me off forum and we can talk... I don't know which one you are.

 

Someone doesn't know who I am? Wow my goofy alias seems to be working.  tee hee.

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Swirt was looking into an inns for sale section for the forum, but I thought the opposite might be good here. "INNS WANTED" section.

Things you are looking for, so if anyone is lurking they can contact you.

I will ask you to clarify rural.  That is a term that may suit quite a few scenarios, or maybe you are open to those interpretations? 

To me rural means farmland, or countryside, not small town.  I am in a small town, altho we had a bear go past our street into our hospital, and deer in our yard, etc.  We are surrounded by rural, but in a historic district.

If you want rural older home with character, I am thinking a farm house in the country?

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Before I list my dreams, I just want to say thanks to JBJ for thinking of this. You are brilliant. What a wonderful resource for all of us.

Criteria

  1. I know I am going to get flack for this, but I want an older house with character and all it includes. I don't want a "flat" house, I want one with life and stories. My husband is a VERY handy guy. He loves projects...I have a feeling that will come in handy!
  2. 3-7 rooms- no preference
  3. prefer en-suite baths
  4. rural
  5. workable laundry room
  6. competently laid out kitchen
  7. more than 1/2 acre of land
  8. prefer separate owners quarters- but not necessary
  9. if not separate OQ, decent sized OQ (we have two kids)
  10. East of Mississippi River, north of WV/VA line
  11. nothing in MI, NH, or NY (personal preferences)
  12. I would love to be able to do dinner service, but I understand that some states do not allow it. I would be willing to consider a B&B anyway even if dinner service is not an option

I will come back to add to this as I think of more and get some feedback from my DH, but I wanted to get this posted as quickly as possible... again, JBJ, what a great idea.

 

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