B&B Business: Buy It, Build It, Flip It (4)

Buy It, Build It, Flip ItIrrespective of the challenges, Richard and Cecily have found that they enjoy the business of constructing a B&B as much as running one and “flipping” it seems to afford them a better living in the B&B business. Like Patricia and Vince, they have defined their roles in the day-to-day management: Cecily cooks the breakfasts, and Richard serves them. Continue reading “B&B Business: Buy It, Build It, Flip It (4)”

B&B Business: Buy It, Build It, Flip It (3)

Flip It“One of the first things we essential to do was disperse the word that there was an inn here, and that it absolutely was not your typical country-style inn. We wanted our marketing to project something of a classy image,” Richard says. Horvitz of PAII agrees with Richard’s strategy: “The best way to increase your occupancy rates is to spend more on marketing. Continue reading “B&B Business: Buy It, Build It, Flip It (3)”

B&B Business: Buy It, Build It, Flip It (2)

Build It“I knew I liked running my own shop,” recalls Cecily. “We wanted to start a business of our own, and it had to be something we could do together. We looked at all kinds of different things. It could happen to have been a dry cleaning business or a 7-11. But we came across a B&B for sale and I thought, ‘Oh, I could do that.’” They bought the cultural Isaiah Jones Homestead in could 2004, for $975,000. Continue reading “B&B Business: Buy It, Build It, Flip It (2)”

B&B Business: Buy It, Build It, Flip It

Buy ItUnique folks derive satisfaction outside of distinctive elements from the B&B industry. Some are attracted to the history of a distinct property, and are gratified by their role in keeping that history. People favor the hosting role, happily serving, cooking, and amusing their guests, while still others take pleasure in the design and maintenance elements of dealing with a property. Continue reading “B&B Business: Buy It, Build It, Flip It”