Running a B&B for an Investor?
June 6, 2006
by Kit Cassingham
Hi,
We have the opportunity to run a B&B for an investor. We would like to talk with any one who has done this before so that we can get a feel for what to expect in an offer. Has any one done this before? Please email so that we can communicate.
Chrissi and Chuck
Comments
I essentially ran an inn for an investor, and I know several other people who have. I doubt the offer would be much different either way.
The general response is that you can expect anything in the offer. I knew one investor who had two people run a 22 room inn entirely on their own -- 24x7 for the wages of 40 hours/week. They weren't happy, but when I talked with the manager she hadn't figured out how to reapproach the investor. I doubt the situation worked out for anyone very long. On the otherhand, I knew one manager who worked 8-5 M-F, very cushy hours for an innkeeper, and had staff. That manager had two weeks of vacation, but no health benefits.
Today's offer should be an offer of: * earnings for a specific set of hours; the hours might be 40, they might be 70, but the earnings would reflect that. * job description; what's expected of you and your areas of responsibility * vacation time -- and twhether that is with or without pa * sick time policy * dress code policy * a time period for reviews and raise consideration
There may be more, but right this minute that's all I'm coming up with.
Your question should start a good thread. Ask more questions as you have them. And hopefully others will jump right in here and offer their insight.
Posted by: Kit Cassingham | May 14, 2007 12:11 PM