- Feb 2, 2010
- Reaction score
Wasn't sure where this fits most form wise here or Aspiriing. I've been reading posts again-- and the economic news. I know that the number one reason businesses fail/close is cash flow (being more out than in). I know that something like 90% of small businesses never make it to 10 years. I see posts from many innkeepers here who have listed their inns for sale . I see tons of mom and pop motels, resorts, and inns closing and for sale in the real estate listings -- most of these are being sold as property not businesses. I know that the economy is hardest on small businesses, and the big boys love to invade specialty markets if they think there is money there to be had (I just noticed an ad for a super 8 under a google bed and breakfast search for an area I may need to travel to.). I realize that to make a go of it, and to end up with a property I can sell, the cash flow has to support the potential sale price of the inn, not just the smaller loan we will have to carry. I based my positive cash flow on a little less than 25% occupancy. Now I am wondering if I am nuts to think I can do this at all in todays economy?? Is there any glimmer of hope?? All seems very black today.