How long have you run your B&B for?

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AjMed's picture
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11/02/2013
Under 1 year
7% (2 votes)
1 - 2 years
0% (0 votes)
2 - 3 years
0% (0 votes)
3 - 4 years
7% (2 votes)
4 - 9 years
52% (15 votes)
Over 10 years
34% (10 votes)
Total votes: 29
Highlands John's picture
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04/16/2010

We're coming up to 10 years in April. Been having a long hard think about continuing lately, but as my sister said recently, if we're still enjoying it and making a good living then why stop.

Our problem with stopping is that this is a big house for 2 people, we hardly go upstairs in the winter, so if we stop then we'd probably sell and I don't want to leave this area at the moment, and I don't want to leave this house.

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Silverspoon's picture
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10/16/2011

Sounds to me like you should stay another year!   How about just building in more time for yourselves....that's what we have decided to do and we have the same feelings you have about loving the area, living in a big house and making a good living.

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Breakfast Diva's picture
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Hmm...I think I'll start a poll

Hillbilly's picture
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10/22/2011

This next year will be 17 years. I'm 35. Yes, I started when I was 18. My mom and I started our Bed and Breakfast and I met my wife shortly after we started. My mom moved shortly after my DW and I got married to take care of my grandfather. I love what I do (most of the time!) I have to say, I can't see myself phiysically able to do this job until retirement age. But I'm going to give it a try! Smiling

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Breakfast Diva's picture
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Bob, I had no idea you were so young! I know you have seen a big transition in the demographics of innkeepers over that 17 years. I'm always amazed and happy how much younger the innkeepers at conferences are now than when we started 13 years ago.

Hillbilly's picture
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10/22/2011

Yes, but I look older. I think I have more gray hair than not. This is a tough job. As JB says. Innkeeping is not for the weak. I take my hat off to the innkeepers on here who are in their later years and able to do this job! Your tough!!!! Smiling

muirford's picture
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05/22/2008

Breakfast Diva wrote:

 I'm always amazed and happy how much younger the innkeepers at conferences are now than when we started 13 years ago.

LOL! We were a lot younger 13 years ago, too!

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gillumhouse's picture
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Breakfast Diva wrote:

Bob, I had no idea you were so young! I know you have seen a big transition in the demographics of innkeepers over that 17 years. I'm always amazed and happy how much younger the innkeepers at conferences are now than when we started 13 years ago.

Most of the people who were innkeepers in our Association when we started are now dead. They were old then. I was 50 when we joined and opened (had not had my birthday yet) and I had energy to burn - today my knees scream hourly. Yeah, I was one of the ones who thought it was a retirement career.

Hillbilly's picture
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10/22/2011

Your so right. I'm sure we all hear how when people retire they are going to open up a Bed and Breakfast. GOOD LUCK WITH THAT!!!

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01/12/2013

I'm called the "baby" by my local Association of Innkeepers because I started at 37.  So I really laugh (inside, of course) when people say they want to do this when they retire.  Seriously?  I can't keep up and I'm 30 years from retirement!

gillumhouse's picture
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I have seen B & Bs close due to retirement, divorce, death, "I do not want to live there" (that one had revenue in January that made me terribly jealous but wife wanted to live on the farm with her animals & the B & B was in a small town)....... We thought about closing when the insurance went ballistic but discovered homeowners was not enough cheaper to justify losing the B & B revenue. Having started BI (before Internet took off) it took a while to get the word out that we were here - and yes, I had a web site before I had a computer in the house in 1996. It took 3 years just to get it in gear - and that was due to a lucky break getting an article about a package in BIG city paper. At 10 years I was just hitting my stride!

Most of the people I knew as innkeepers when I started in 1996 have either closed or sold - and several were due to death.

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10/07/2008

Have you seen any of those flip houses shows? I always like to say, oh a $40,000budget? It will be double. It always is, or more.

it is never what you think it will be. People turn homes into B&B s and underestimate the cost, then the end up closing. One reason they do not stick it out...

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Innkeep's picture
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06/04/2008

The folks who have responded to your poll and regularly participate here may not give you a representative cross section of the longevity of all B&B owners.  I think all of us can give examples of properties that have lasted a much shorter time.  The lack of longevity can occur for many reasons, but it generally comes down to a lack of communication (e.g. between spouses, having a broker talk you into a different type of property than you start out wanting) or education - unrealistic expectations from not doing the right kind of homework.

When I joined the forum, I had little idea of what I was in for and had it not been for some of the advice I found here I'm not sure I'd still be around.  I've started year 6 this month and have been very satisfied.  The concern that niggles at the back of my mind is that I'm solo and don't have a legitimate back-up plan for what to do if I get an illness.  But that question is for another thread...

Arks's picture
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Innkeep wrote:

The concern that niggles at the back of my mind is that I'm solo and don't have a legitimate back-up plan for what to do if I get an illness.  But that question is for another thread...

Same situation here. Just take care of yourself and try not to think about it!

I have friends who, all the time, are saying they will pitch in and help if anything comes up where I need help, and I know their intentions are good, but they have no idea what they'd be taking on!

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Arkansawyer wrote:

Innkeep wrote:

The concern that niggles at the back of my mind is that I'm solo and don't have a legitimate back-up plan for what to do if I get an illness.  But that question is for another thread...

Same situation here. Just take care of yourself and try not to think about it!

I have friends who, all the time, are saying they will pitch in and help if anything comes up where I need help, and I know their intentions are good, but they have no idea what they'd be taking on!

if all else fails, closing up would just make folks have to change their plans. I think it is always worse in our eyes than in reality. Stuff happens. Heck the cruise for our 25th anniv was cancelled due to the ship catching on fire. Not much we could do, but change plans... 

Arks's picture
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Joey Bloggs wrote:

if all else fails, closing up would just make folks have to change their plans. 

Closing up would also make my banker wet his pants. The mortgage has to be paid whether I'm open or not!

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Arkansawyer wrote:

Joey Bloggs wrote:

if all else fails, closing up would just make folks have to change their plans. 

Closing up would also make my banker wet his pants. The mortgage has to be paid whether I'm open or not!

i meant temporarily if something happened. 

Flower's picture
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06/19/2011

We are in our fourteenth year. We say in another 2 years we will look at staying or Leaving? Unless some bomb shell drops!!!! Every year we wonder if this is the year? Hence why we look at it every 2 years. then we sit and really look at the facts and what we would do sell our house and look for some thing smaller or stay or close B&B.

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Breakfast Diva's picture
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05/26/2009

This is our 13th season and I seem to have gotten my second wind!

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01/12/2013

Breakfast Diva wrote:

This is our 13th season and I seem to have gotten my second wind!

Please share your medication!  LOL laugh

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Joined:
01/12/2013

Will be starting my tenth year and am burned out and ready for a change.

Silverspoon's picture
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10/16/2011

This is our 25th year as a B+B.  Time to gear down a bit...quite a difference from our always trying to get MORE business.  It has been great.  No regrets.

gillumhouse's picture
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05/22/2008

I started this one 18 years ago. Will sell when DH dies (put it on the market then at least) yo try to keep it as a B & B. (meaning not going back to being just a house)

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06/26/2008

We love our home and the location - when we are finished with  B&B it will revert back to a family home. We are in a very large city and with the very high real estate prices number of B&B's is shrinking. One needs to pay $1.5 million+ for good sized home in good location and city most of the time allows you only 3 bedrooms-there is no money in it.

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06/26/2008

We are in it for 8 years now and plan is to stay in for 5 more. Some days I am not sure I can last that much longer. We are not near retirement, so we probably will slowly transition to other business.

TheBeachHouse's picture
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06/24/2013

I'm one of the under one years.  We bought the place at the end of August.  We are loving it and we feel like we can handle it.  BUT ask me again in a year!

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Generic's picture
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02/24/2011

Answered for this B&B in particular... otherwise it's over 10 years.

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