Some stiff competition is another one that gets the spark back..
Im currently sad as quite a few of the B&B's locally round me are for sale and I worry they will become houses
Anyone fancy a BB in a busy all the year round location in the UK? 2 have sold subject to contract ie not quite there on the sale but nearly just the money to change hands - so see what they become
(1) has always been very low rent but ive never understood why - could make a ton more money with very little expenditure and a bargain price - we looked at it before we took on where we are.
The second place they have bought a country house hotel and have been renovating it - now they need to release the capital from the B&B to finish the job and launch it
3rd place - lady bought it as a project - has finished it all and now wants to sell
4th - Lady is selling to but a smaller place as getting reliable staff is hard and she is on her own
5th - we don't know - im not close enough to them to ask but think with 2 small children the living space is a bit restricted and very tying - a lovely property but you would never find it as a walk in.
6th - don't think she really knew what she was getting into and PO's painted a rather rosy picture as they wanted to retire - never pointed out for example that there was only one bedroom of owners accom and they were a family of 4 - so they all lived in 1 room for 2 years!
7th - want to retire but its a big place and its hard to find someone with financing.
8th - want to semi retire and buy a few self catering properties
9th/10th/11th and 12th - belong to my god mother who is crackers
13th - nice place but with only 6 bedrooms is enough to support the mortgage without another income and that's a lot of cleaning to do each day.
14th - depends what day it is - again don't think they knew what they were getting into - he was made redundant so they bought a bb so she could carry on working and he could look after their 7 year old twins - they have struggled to get a good cleaner and its been very hard work for them.
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