- Aug 9, 2008
- Reaction score
I am looking at a B&B that is for sale, but the sellers and/or their realtor refuse to provide complete financials. They have shown me gross receipts, but the expense section of the form was covered when it was copied. A separate, hand-written note shows the total for gas, electric, and water & sewer. No net income is shown, so I have no idea what total expenses are. My question is this: reasonably, what percentages of total expenses are these utilities? One quarter? One half? (From what I can gather and deduce, occupancy is currently less than 20% on a six room property.) I know there are a lot of variables, but I don't have any more information than this, and you all have a lot better handle on actual expenses than I do, so if you could give me some round numbers to work with, it will be a huge help.