How to Start a Bed and Breakfast


Thebedandbreakfastdirectory1106

Uploaded on Dec 6, 2019

Category Travel

http://www.bandb-directory.co.uk

Category Travel

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How to Start a Bed and Breakfast

How to Start a Bed and Breakfast What is a Bed and Breakfast? A bed and breakfast is a hybrid which blends the luxury and comfort of an upscale hotel with the atmosphere and décor of a beautiful private res idence. Often they are older historic properties which people seek out for the experience of centuries-old hospitality. Create a Bed and Breakfast Business Plan Every new business can benefit from writing a business plan. You’ll def initely need one if yo u’re planning to seek funding in the form of a bank loan or investment (more on that in the next step). Consider Your Startup Financing Many older couples sell their home or business in order to invest in a bed and breakfast which will serve as both their residence and primary source of income. If this is not an option for you, there are several funding options, including find ing private investors, ge tting a small business loan from a bank, or finding other business support programs. Choose Your Location Many bed and breakfasts use a historic angle to draw guests. Often a Victorian home can give travelers a sense of what it would be like living in the area in the late 1800s . Others may use proximity to the waterfront or other notable features as a way to entice guests to stay there. Develop Your Marketing Strategy Hire Your Staff Perhaps you are part of a couple looking to open up a bed and breakfast and you plan to divide the chores and responsibilities among yourselves. This is not at all uncommon. But before you decide to join their ranks, you should have a complete picture of precisely how labor intensive running a B&B can be.