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  1. M

    Sadly, I won't be joining you ... yet

    It looks like our deal just died on the table over issues with the Purchase and Sale agreement. It's unfortunate but we've left the door open to future opportunities. Now, at least we won't be complete 'B&B evaluator virgins'; I plan to read here just in case the right opportunity arrives...
  2. M

    In the weeds

    I'm back. We put in an offer and it was accepted (yay!) and now we're working on so, so many fronts to try to make this a reality. Honestly, I think I'm just looking for some encouragement at this point. One track is the formal Purchase and Sale (P&S) agreement. The Letter of Intent is all...
  3. M

    Help with purchase negotiations!

    We've recently made an offer via Letter of Intent to purchase a small Bed and Breakfast. We have hired a consultant in the B&B business and his letter was pretty standard and included: the inn, the furnishings, the client list, licenses, etc. When I looked it over, it seemed fairly...
  4. M

    We made an offer

    We wrote up an official offer for the Inn last week. Now, we're in the waiting for a reply (likely counter) stage. It's nerve wracking. Once we agree on a number (assuming we can agree on one), then we have to still jump through the financing hoops; it will be a SBA (7a) loan, I believe...
  5. M

    Due Diligence: What did you miss?

    Hello, My husband and I are in the process of building a plan to transition over from corporate (non-hospitality) over to buying a bed and breakfast. We are in a preliminary evaluation for one now and we will be travelling for on onsite visit within a couple of weeks. Meanwhile, I'm trying to...
  6. M

    Hospitality background

    Hello, Like many, my husband and I are tired of the corporate grind and are looking at a small 'lifestyle' sized Bed and Breakfast in the Pacific NW area. It is an already established business that the current owner is looking to retire from with books showing revenue producing occupancy rates...
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