buying an Inn

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04/22/2019

I am hoping to buy a B & B up in New England in the next 10-12 months.  I have been doing a lot of reading etc.  

I know I do not want anything big, just small like 5-7 rooms, but are there grants out there for new Inn Keepers?  any suggestions?  I probably will have about $80,000 of my own money but I am sure i will need more than that. 

 

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07/21/2019

Greetings;

I am new to all of this, but curious to hear any feedback others might contribute.

I recently purchased a large home in a national historic neighborhood in the Milwaukee area and the home is zoned for this. The house has to be gutted and there is probably two years of work to do , but want to turn hit into a b and b and am writing to hear from other owners what they would do if they were in my shoes.  Questions about adding an elevator to second floor for instance, or kitchen and bath designs, storage, linen closets, laundry chutes. 

 

Thanks in advance for any input.

 

gillumhouse's picture
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05/22/2008

An elevator will be expensive, but would make you ADA and if you are older, your knees will bless you.

Storage is important and never enough. Ensuite bathroom for every room. If gutted, you will be required to install sprinklers. Kitchen - counter space and cabinets (never enough) - check requirements (IN WRITING) if commercial kitchen required. Laundry room (chute is a nice) needs washers/driers commeasurate with the demand of the number of rooms. Linen closet on the same floor as guest rooms - locks on everything. Owners Quarters large enough and comfortable enough for YOU to relax in. MANY OUTLETS in every room. Bathrooms - grab bars, also a grab bar to steady getting out of the shower.

I have an old house and have to "make do" with what I have but when I created an ensuite I made it large and left the original bathroom large and shared, replacing the claw-foot tub (moved to the ensuite) with a 60-inch shower. I will leave it to others to mention things that did not occur to me.

gillumhouse's picture
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I just called a chair lift company to actually ASK. My stairs are 34 inches wide, wall to railing post. The slimmest  chair lift will need about 13 inches (max) for the folded up unit and have a max load limit of 310 lbs. Mobility challenged (to be politically correct) are usually wider load. So, we have determined take I was correct, my stairs are not wide enough. Sigh (my knees would love it).

JimBoone's picture
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12/18/2014

Stairs in picture Arks posted look maybe 36 - 39 not all that much wider, if this is something you would really enjoy take a hard look at the floor arrangement around your stairwell, would it be possible for the chair lift track to curve a bit at the top/bottom and in doing so place the actual chair out of the actual stairway and provide the needed space?

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Jim & Maxine

 

gillumhouse's picture
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Nope- that has been considered. This was not a mansion, ALL space was accounted for. When opening the front door, one opens and stands aside  or opens the door fully - door jamb to newell post is 34 inches. The hall is 48 inches staircase to wall and there is a radiator in the hall. (not taking that sucker out as it is my emergency heat if power goes out. It is a turn on the gas and light OLD water-filled radiator.Water long gone but it still works - I know from experience.)  At the base of the stairs on the other side is the door to the sitting room, my only common area other than the porch or dining room.

A chair lift in this house falls into the same category as a privte bathroom for Rosi's Room - ain't gonna happen.

Lee2014's picture
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12/11/2014

Could you add an addition that has handicap lift of some sort and another bathroom for Rosi... and more common area for guest and more storage and whatever else you can think of!wink

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Have a great day!

 

gillumhouse's picture
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Could you add an addition that has handicap lift of some sort and another bathroom for Rosi... and more common area for guest and more storage and whatever else you can think of!

Rosi's Room and the Harris are on the side of the house at my side yard. The construction costs would not be worth it even if the permitting would be. the Harris could have immediate access to the "shared bath" IF I moved the sink and cut in a door. However, that room now has: door at top of stairs from hall, a wall that is actually solid wall where the dresser is located, next wall has window next to the fireplace, next to the closet. Now we are at the back wall of the house with a window and solid wall(we are not talking a large room). Then we have the wall common with the bathroom (shared). This is where I have the headboard of the queen-size bed that leaves notmuch floor-space in this room. The "cut un door" would eliminate any night stands and to even accommodate said door, the bed would have to move closer to the entrance door. 

Although this house floor plan is perfect for a B & B (owner quarters are on one side of first floor and can be locked off - remainder of house guest accessible), it has no way to get plumbing to the front east corner of the house. I was able to create the ensuite for the Gillum Room by taking half of the 4th bedroom (my storage room) that also had a common wall with the original bathroom so we were able to get plumbing there.  I am happy with my house as it is. We all have things we would like to do IF it were possible, but accept what is. Three rooms is what I can handle alone and as I have less oomph in my GO, am OK with how things are.

Lee2014's picture
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   Okay.  It was just a thought.  

Arks's picture
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JimBoone wrote:

...would it be possible for the chair lift track to curve a bit at the top/bottom and in doing so place the actual chair out of the actual stairway and provide the needed space?

Good thought. They have ways to "park" the chair out of the way when not in use.

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All saints can do miracles, but few of them can keep hotel. ~ Mark Twain

 

Arks's picture
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gillumhouse wrote:

An elevator will be expensive, but would make you ADA and if you are older, your knees will bless you.

Just curious. Has anybody considered putting in one of those "chairlifts" as a more affordable alternative to an elevator? Since the footrest, seat and arms fold up, it doesn't look like it takes up nearly as much space as you'd think.

gillumhouse's picture
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05/22/2008

I considered that early on while we still had a few dollars - my stairs are too narrow, A "wide-load" guest with suitcase almost scrapes the wall.

Anon Inn's picture
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09/26/2011

Elevator if you can manage it.  

Sprinkler system.  

Bathroom on main floor near main entry.  ("I know we're early, can we use a bathroom?")  Laundry nearest majority of guest rooms.  

Lockable kitchen.  

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09/03/2008

Our Inn/B&B is 5 rooms, nice OQ, water view and located in a well know national park destination area in New England. 6 months on/6 months off or can operate year round if one chooses. c l a r k p o i n t i n n 

Silverspoon's picture
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We are heading up your way in the fall for a vacation.  You have a lovely location!  Good luck with the sale.

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Morticia's picture
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DaisyMae wrote:

Our Inn/B&B is 5 rooms, nice OQ, water view and located in a well know national park destination area in New England. 6 months on/6 months off or can operate year round if one chooses. c l a r k p o i n t i n n 

Beautiful inn. Beautiful location! Good luck with the sale!

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Never judge a person's story by the chapter you walked in on.

 

info@featherhillinn.com's picture
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03/20/2019

Did you get a chance to see my B&B/vacation rental/events venue in Connecticut?  7 bedrooms, 6.5 baths, 1 bedroom cottage, 2 additional lots, zoned for horses, gardens, 6.1 acres. Zoning for family estate, small farm, winery, vacation rental, bed & breakfast, wellness retreat, offices and/or retail.  Fabulous location near Boston, Hartford, Newport, New York.

Selling price at $795,000, residential or commercial financing, 0-20% down, I may carry 10% for qualified buyers.  

See all the information about the property and area on the selling website at: https://ctproperty.yolasite.com/

info@featherhillinn.com's picture
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03/20/2019

I am selling my property in Pomfret, CT I think might work for you.  

The main Colonial style house has 7 bedrooms, 6.5 baths and there is also a charming 1 bedroom owner's/rental cottage.  

See all the information about the property and area on the selling website at: https://ctproperty.yolasite.com/

Lee2014's picture
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12/11/2014

   Yes, there are grants out there for B&Bs.  I found out about it through Eliot at The B&B Team's Seminar.  I would contact The B&B Team.  They have a bunch for sale in New England right now especially Maine.  I would check with regular realtors in your targeted area as well.  Just go on their websites and put in 4 bedrooms and 4 baths and everything but B&Bs and estates will disappear from your search.  

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05/01/2016

There are grants for b&b's, I didn't know that. Can you explain further like where to look? Thanks.

Lee2014's picture
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  I would try Eliot.  eliotdalton.com

ChrisandShelley's picture
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04/13/2014

Now I'm not in New England so I'm not familiar with the market, but I think you'd be surprised. There are several creative options for financing if you have a motivated seller. The seller could owner finance part of the mortgage which reduces the amount needed from the bank, hence reducing the required down payment. You can finance through the Small Business Association.

We only needed $41,000 for ours.

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Christopher and Shelley Smith, Innkeepers
The Wildflower Bed & Breakfast, Mountain View, AR

 

TheBeachHouse's picture
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06/24/2013

Search seven south street, rockport, ma.  

Good luck! 

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TBH

 

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04/22/2019

as gorgeous as this property is, way above my price point at this point in time.

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