- May 22, 2008
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Your purchase sounds similar to mine. I think this was THE 'dream job' of the POs. Until they started doing it. Even with fulltime help, this place needed a thorough top to bottom cleaning and overhaul after we got here. It was so bad I wouldn't unpack my kitchen stuff until I had scrubbed every cabinet.We had a plan very similar to greyswan which had us running this Inn for 7 - 10 years, and beginning the exit process around year 7 because it can take 2 - 3 years for even a profitable B&B to sell. At year 10, my DH will be 60. We won't be ready or be able to afford to 'retire' but we would like to work fewer hours than we work running this B&B.Assuming that being an innkeeper was a dream that one has for a long time before it becomes a reality; assuming that one loves being an innkeeper and only lives to try new things and being an innkeeper is the culmination of many years of dreams and aspirations and desires...I have seriously wondered what will happen when it's over. What do you do when the dream is over?
Not only WHAT will happen (ex. "what do we do NOW"), but how do you know when it's over? What signs do you look for? What emotions will be felt? How do you "exit"? Do you leave on a high note and maybe leave things/ideas left undone? Leave when you can't take it anymore and you've done all you wanted to do, maybe at the expense of having lost heart and soul for the biz, but wanting to finish nonetheless?
I am probably more curious about the results of this thread than any other..
We bought our Inn from someone who had it for 3 years and decided to sell it after the first year. It really showed. Guest amenities went away, only the bare minimum maintenance was done, the sheets and towels were threadbare. When we moved in I brought several boxes of linens that I had bought at the outlets so that I could just get rid of most of what was here. Although we had nowhere to go but up, we spent the first two years here repairing both the body of the house and the soul of the business. I wouldn't want to do that to the next owner. Things will break after we're gone, as old houses always need something, and some old guests will go away and new ones will come, but I'd like that to be just the normal functioning of things, not because we got so burnt out we couldn't do it any more.
I still have plans and ideas about what to do here but if some of them don't come to fruition it won't kill me. We are not sure that we wouldn't run another B&B, although probably not in this area - it would have to be one that was either smaller or more seasonal. My DH will keep doing software work - he loves it and will never give it up entirely. We have found in trying to plan for that next step that it is too difficult to make plans until this phase is pretty close to ending, just because of the uncertainty of the ending. So we will likely wait until closer to the end before we do much more planning for the next phase.
I guess I'm concerned I might need some classes to take on the next phase.