eyevea
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- Jun 9, 2010
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My husband and I have been planning to buy a B & B for about 6 years now. At first I was doing a lot of online research about businesses in various parts of New England. We started staying at more B & B's to get ideas about what our place should be. We considered starting from scratch, but decided that buying an existing business would be best. About a year and a half ago, we started going to B & Bs that are for sale...some of them have been for sale for years. We looked at 11 different places, examined financial from about 15 places, and have really done our homework. We want a place that is financially viable. Anyway, we have found the place that we'd like to buy. We're in negotiations right now with the owners and love the place. My husband just finished cooking school, our kids are all out of college, we are very handy and look forward to doing renovations on the place. The location is great, the financials look good. We have to sell our house, but the sellers are okay with that.
Now I'm getting cold feet. All I can think about is why this is a bad idea. The questions that keep coming into my head are: Why do people burn out after 5-7 years? What if we really hate it and we become the people with the business that can't be sold? Do I really want to leave my stable job (that I actually like) and my friends, and the house we've lived in for 25 years......
Anyway, I just need to hear from people who also had fears and what made you decide to go for it. And do you think you made the right decision. Any help would be greatly appreciated.
Now I'm getting cold feet. All I can think about is why this is a bad idea. The questions that keep coming into my head are: Why do people burn out after 5-7 years? What if we really hate it and we become the people with the business that can't be sold? Do I really want to leave my stable job (that I actually like) and my friends, and the house we've lived in for 25 years......
Anyway, I just need to hear from people who also had fears and what made you decide to go for it. And do you think you made the right decision. Any help would be greatly appreciated.