Advertising and Getting ahead

You will need signs on highways with directions to your B&B/Inn. Set aside approximately $1,500 plus a year for advertising. Do not forget additionally your web site and keep it updated. SEO for Search Engine Optimization is a must today to be found on the Internet.  Purchasing commercial bedding, including mattresses, blankets, sheets that will last for at least 5 or 6 years. Since you are now a commercial business owner you will need an office with business supplies and the ability to accept credit cards. Remember the credit card companies charge a fee to accept payment include this in your list of start up cost. In most areas there are legal fees, permits and licenses. Make sure your kitchen is updated and you have smoke detectors in every room.

Redecorate

You may want to redecorate or feng shui your B&B/Inn. You will need a professional for your web site, do not ignore the advantages. Professional photo’s done by a studio or student of photography is a must for your web site, brochures and for your signs. Should you not have a paid for property contact a professional B&B/Inn Financial Company to help you calculate the expenses of purchasing and making sure your B&B/Inn is the best in the area.
Wishing you good luck and hope this little bit of information has been helpful.

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Balanced Room

Do not put sad painting on the wall these will not encourage romance, love or happiness. A bedroom should feel pleasurable and passionate. This is why your guest came to visit. If possible fresh flowers are a positive in the bedroom. Guests are looking for relaxation, new experiences, romance, improvement in their lives just by getting away from the one they just left and they are looking to you to make their life happier.

Positive Thinking

Take time to appreciate, your guests, make sure you have some fresh fruit around for them to eat. Be generous with your time and compassion. Hoarding or scrimping will work against you financially so keep everything clean and uncluttered especially in the back left side of every room.

The Kitchen

Make sure there is nothing broken in your kitchen and that it is very clean. You do not want any negative energy. Throw out any old outdated food, cookware, or junk food. Display fruits and vegetables whenever possible.
A good thing to do is hang a small mirror near the stove. This is to see who is coming in and out of the kitchen. This is said to increase your wealth. A shiny tea kettle is said to bring good luck as well. Make sure the faucet does not leak if it does you are just throwing your money down the drain. Make sure when you cook you rotate using the burners. Keep at least one potted plant in the kitchen for good energy.

Your Bathroom

Clean and uncluttered a must. If it is dirty and cluttered you are just throwing away your cash flow. No toothpaste or soap scum anywhere this will really upset the wealth energy. Vinegar once a month in the drains for 10 minutes brings positive cash flow. Make sure the sink and bathtub drains are covered.

Living Room

You want harmony in the living room for you and your guests. Corners and alcoves should have a lamp to keep the room well lit for positive energy. Again a potted plant or two is not only suggested but a must. Mirrors must be placed correctly because if not they could create negative energy. Make sure they reflect a positive reflection. Do not make your TV the center of attention this affects the chi. Clean, uncluttered and inviting are the important things to remember.

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Is your Domain Name is right for your web site?

if not still renew your old domain name and redirect to your new one for a couple of years just in case your clients have your past domain in their files. Keep track and ask them to make sure they change this information to your new domain name.  Remember times change and so should the look of your web sites and keeping up with these changes let’s your clients know you care about your business. Just like you do any thing. You need to keep up with the times.

Professional Web Designers Want YOU to Make Money

If they web host your web site they constantly keep an eye on where you are in the search engines. If you need changes they are there to help.

I need to point out that choosing a domain name that connects with your business is important because when a client or guest is trying to recall who you are it is easier for them to remember you if your domain name is connected with your business. Domain names with less letters are easier to remember. Complimentary colors are important for your domain and two or three should be the limit.

Professional looking Photography

We have suggested before if you do not have a large budget go to your local high school or junior college ask the photojournalist professor to recommend who in his class is best to take photo’s for you. I am sure the student would love to have your photo’s for his portfolio. A photo gallery is great for almost any business. This is much less and helps the student. Text.. we recommend 250 words of text especially for the first page and as many pages as you can describe the content. Five to ten pages for a small site is perfect. One with a form to contact you is really helpful.

This is not all

The information we can pass on but we hope that this is helpful. Remember a new web site is like buying new clothes, a new house, or a new car. It makes people stand up and take notice. We look forward to promoting your business new or updating one you have had for years. Contact the team at Bed and Breakfast Web Designs who design for almost any business. We are here to help.

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Rates are low but may not be for much longer…

Thinking of selling anytime soon?

If your exit horizon is within the next few years, and you want to do all you can to enhance the value of your inn and make it more attractive to potential buyers, here are a few ideas to consider according to Rick Newman, Managing Partner of Commercial Capital Network:.

• Refinance now into an assumable mortgage* while rates are low!
• Be in a position to offer a potential buyer a 5.25% to 6.25% assumable mortgage
• Increase your loan to fund improvements that will make your inn more attractive to potential buyers
• Access capital to expand guest rooms/facilities and increase revenue/NOI

Refinance into a loan that is large enough to make it attractive to a potential buyer.  The loan should be of an appropriate size relative to its net income before debt service, yet large enough to make it attractive to a buyer.  Remember, a buyer’s down payment may limit his or her ability to use the assumable provision without a seller-held second mortgage to make up the difference between the sales price/appraised value and their down payment.

You may call Rick at 570-595-2120 or

E-mail him at: ccnllc@gmail.com Website  www.bedandbreakfastfinancing.com

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Visit Arkansas and consider a business opportunity such as purchasing a Bed and Breakfast Inn. Own your own business and you will be surprised and happy you did.

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Now is the time to invest in an existing Bed and Breakfast/Inn or small boutique hotel. The price of a Bed and Breakfast Inn has dropped drastically because of the economic situation but this is not always a bad situation for those who can invest in these great historical or newly built properties. Mortgage modifications and term extensions from the Treasury are doing their best to provide less expensive mortgage financing and are cutting interest rates to make monthly mortgage payments more affordable. B&B/Inn owners who will pay lower monthly payments will be more likely to to have money to meet their B&B/Inn payment, which will then increase the value of the bonds that are secured by these mortgages. Affordable and predictable monthly payments are what everyone is looking for as an investment and a Bed and Breakfast Inn is an opportunity to not only invest but see a return in years to come. You may or may not want to be the Innkeeper as well but this is income property.

You will find the return in what you offer your guests. The existing B&B/Inn you are looking to purchase may not offer spa, gift certificates, holiday specials, extended stays, honeymoon suites, but there are so many Specials that your imagination can come up with to make your Bed and Breakfast the one guest just cannot wait to visit or return over and over again. Also make sure that your web site is designed by a professional and your photo’s be the best. There are so many schools (high schools, jr. colleges & maybe trade schools in your area) that teach photography. Call ask for their photography department. Request from the teacher or professor 3 of their best students photography work, contact those students and ask for their portfolio and choose the one you feel does the best work in interior and exterior shots. Make a small contract for the price say $100 to $200 so they know you will purchase the photo’s  believe me they will be happy to be asked to take professional photo’s and you can give them credit on your web site. These photo’s are a selling point and valuable tool in the presentation of what you offer your guests on your web site. This will also mean will more financial return for you with great photo’s.
We encourage you to visit www.InnsForSale.com and to call Rick Newman for financial advise.

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Christmas is the beautiful time for celebration and the joyous tradition of decorating our homes and our hearts. It is one that all families look forward to from trimming the tree, hanging our stocking over the fireplace (or somewhere near our tree) for Santa to fill. Christmas cooking, oh yes, thanks to all the wonderful cooks who make our cookies, homemade candy, pies, cakes to share with those we love and those we maybe just barely know or not we just want to smile and say Happy Holiday and here is a little something from our family.
Our beautiful Christmas trees no matter how small or large, real or artificial are a tradition. Carrying on this tradition is important to the family and friends we love. After all we sharing our beautiful “tree art” by inviting you to see our tree..

Choosing your “REAL” Christmas Tree..

1. The Douglas Fir with it’s softer blue green needles has the best aroma and does look lovely.
2. The Fraser Fir is another popular lighter blue green needles and the most often used Christmas Tree
3. The White Fir has flat needles with wonderful aroma but because the branches are light weight they cannot withstand heavy decorations.
4. Balsam Fir oh,what a lovely scent and another very popular Christmas Tree
5. Blue Spruce many folks hesitate to purchase the blue spruce because they have prickly needles but the branches are stiff and hold heavy decorations so they are a good choice.
6. Scotch Pine another great tree with great aroma lots of room for decorations
7. Noble Fir this beautiful blue green needled tree has a silvery look and is used not only for a Christmas Tree with heavy decorations but used to make door wreathes

Here are a few tips on taking care of your “real” tree.

1. If you are not going to set up your tree the first day home set in a bucket of water and out of the sun.
2. When you do have time to bring the tree in cut of about an inch from the bottom before putting in the stand.
3. Using warm water for the first day will soften the sap and is good for the tree.
4. The first week your tree will need a quart of water everyday. You may need to check it several times a day for the first week. It is a well known fact that fresh tap water is the best – commercial additives are known to actually increase the loss of needles
5. Please, please keep your Christmas Tree away from space heaters, wood stoves, televisions, fireplaces or any other heat sources.
6. THIS IS REALLY IMPORTANT - AND PLEASE  AFTER CHRISTMAS DONOT BURN YOUR CHRISTMAS TREE IN THE FIREPLACE AS THIS CAN CAUSE CREOSOTE BUILDUP IN YOUR FIREPLACE AND COULD CREATE A FIRE

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Very few investors/entrepreneurs realize that they have the ability to self-direct their IRAs and 401k plans into real estate and other assets.   Most believe that there are only two options available to them if they want or need to access capital from their plan/s, namely, either borrowing from the account or withdrawing some portion of the assets.  Borrowing involves repaying the principal and interest and a withdrawal may be subject to a pre-distribution tax and penalties.  There is another way…

The Employee Retirement Income Security Act (ERISA),

Which created the IRA in 1974, places surprisingly few restrictions on how retirement money can be invested. Except for life insurance or collectibles-such as artwork or coins-IRA funds can be placed in just about anything. Tens of thousands of investors have switched their retirement savings to self-directed accounts since the stock market correction of 2000 and 2001. By some estimates, 3% of the $3.5 trillion held in IRAs is now in alternative investments-and the number is growing.

A Retirement Account Facilitator

can help you and your lawyers create the legal structure, such as a LLC (Limited Liability Company) or C Corporation that allows for checkbook control of the funds. They will form a new self-directed IRA and roll over existing 401(k)/IRA funds into the newly formed plan. The Facilitator, unlike the Custodian, doesn’t hold the funds, but usually contracts with a Custodian to hold the funds as part of the services provided. Custodians have become expert at structuring self-directed accounts and streamlining the once onerous paperwork.

Here is how it works…

A qualified facilitator of Self Directed Retirement Plans will form the new Corporation, which will own the business asset/s. The new retirement account invests directly into the new business by purchasing as much as 95% of its stock, providing the necessary capital to fund the down payment or even purchase the property. The new retirement account actually purchases the stock of a company you control, much as if your IRA were to purchase shares in a publicly traded company.   Here are the benefits… you do not re-pay a loan, which adds to overhead, and you will not incur tax liabilities and penalties.   Profits will flow into your retirement account and will be sheltered proportionate to how much stock it owns in the corporation and ultimately, any gain from the sale of the property will be tax deferred in the same way.
Lastly, when the cash requirement exceeds the capacity of just one investor or where multiple investors are required to invest in a single project, one self directed 401k plan may be created to accommodate multiple roll-overs.

Custodians don’t offer investment advice-that’s the self-directed part. No outsider can guarantee the soundness of your investment strategy and that can be as terrifying as it is liberating. As always, talking with a good financial advisor who is knowledgeable in your area of interest is important. Unless you have both time and capital to spare, you should be cautious before putting your entire nest egg into a new business. However, investors with a strong do-it-yourself streak and a compelling alternative investment strategy may want to consider joining the growing ranks of people who have decided to invest their retirement funds in themselves.

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