Whether you hanker after a grand mansion in Bath or a quaint cottage in Borrowdale, you will need to enjoy meeting people and be prepared to work long hours. An understanding of how to calculate your costs and how to market your rooms is essential if your bed and breakfast business isn’t to be a part-time hobby.
If you’re unsure about how you’ll manage the commitment, a modest B&B with a solid reputation is a good place to start, as it can be run with minimum staff and relatively low overheads.
Consider how many people you want to accommodate, how much of the year you want to trade and how hard you want to work! If you buy an established bed and breakfast that already does good trade and has forward bookings, you’ll be hitting the ground running.
There are plenty of rules and regulations to investigate. Some only apply to larger establishments but every business will need to register guests, display a fire certificate, make room tariffs clear and take responsibility for the safety of everyone under your roof.
In addition to the purchase price, you’ll need to set aside enough money to make improvements and to cover the cost of legal fees, stamp duty, stock and fixed overheads. You should have enough working capital to keep you afloat before you start earning revenue from your new business – six months is a good rule of thumb.
Asking price £780,000
Victorian listed manor working as a family run boutique hotel with 10 ensuite rooms. we are currently trading as luxury B & B. previous owners run it as traditional hotel with restaurant.
Asking price £735,000
Turnover not available
5 Star accommodation in a fully restored detached Victorian mill owners house with planning permission for 3 detached 4 bedroom houses in the grounds Based in Rastrick,West Yorkshire More details on request
Asking price £675,000
Small B&B in Mevagissey Cornwall,a working fishing harbour.8 ensuite letting room.3 room owners annex.Car paking for 10 vehicles.Away from main road.Front & back half acre garden.Country
Asking price £1,000,000
This glorious hotel is situated in the lovely little village of Cholderton, a very short distance from the city of Salisbury. The city is located in the southeast of Wiltshire, near the edge of Salisbury Plain. Described as the City in the Countrysi...
Asking price £225,000
The Chadsley Hotel is a great opportunity for any buyer to attain a newly refurbished guesthouse which has scope to build on its currently high level of operating profit whilst enjoying the lifestyle that Blackpool brings. With a maintainable 8 en-su...