From "Ask Kit!":
Q: We are looking at a B&B to buy and wondered how to evaluate the business end of it. We have talked to an appraiser on the house and land.

Continue reading "Evaluating the B&B Business Value" »

Posted by Kit Cassingham at 6:00 AM | Comments (4)

From "Ask Kit!":
Q: In valuing a former 5-BR B&B (business gracefully discontinued about 2 years ago due to owner's outside job responsibilities), is there a rule-of-thumb discount as compared to a currently operating business?

Continue reading "Valuing a Former B&B" »

Posted by Kit Cassingham at 6:00 AM | Comments (1)

From "Ask Kit!":
Q: We are looking at a guesthouse for sale by owner. I have researched the area land value, home sales, etc... and it seems that the price is not supported by my research.

Continue reading "Researching Value" »

Posted by Kit Cassingham at 6:00 AM

My husband and I have been formulating a plan for a B&B Inn for about five years now. And we have several questions.

Continue reading "Lack of Funding" »

Posted by Kit Cassingham at 6:00 AM | Comments (3)

From "Ask Kit!":
Q: We are looking at several properties and trying to decide after looking at gross income (some records only show net income) how you decide what to offer?

Continue reading "How do I determine a purchase price?" »

Posted by Kit Cassingham at 6:00 AM | Comments (2)

From "Ask Kit!":
Q: If an Inn has 13 bedrooms but it says only 6 are for B&B operations, is that a licensing issue?

Continue reading "Guestroom Licensing Issue" »

Posted by Kit Cassingham at 6:00 AM

From "Ask Kit!":
Q: We have found a B&B that's for sale without a broker because the seller doesn't want to pay any commissions. How can we go about submitting an offer to a seller without using our own broker?

Continue reading "How do I buy a B&B without using a broker?" »

Posted by Kit Cassingham at 6:00 AM

From "Ask Kit!":
Q: If I can figure the real estate value of the building and I know the cash flow of the business ..How do I add the value of the Established, successful B&B that I would like to purchase?

Continue reading "Pricing Method: Real Estate value PLUS Cash Flow" »

Posted by Kit Cassingham at 6:00 AM

From "Ask Kit!":
Q: Are inn's generally negotiable like houses are on the selling price or is it pretty much "firm" on what is being offered?

Continue reading "Are Prices Fixed or Negotiable?" »

Posted by Kit Cassingham at 6:00 AM