Bed and breakfast businesses are becoming increasingly popular with the ability for owners to easily market their services through websites such as Airbnb.
Our leisure team have first-hand experience in the sale of such properties and the factors that may influence a sale. With the best advice and comprehensive coverage using specialist websites such as Daltons weekly, our team can help deliver excellent results.
If you are thinking of offering a bed and breakfast for sale, speak to us today.
The first thing to do is to decide which location you want to search in. This may sound simple but what you have to bare in mind when buying a bed & breakfast is what will attract your customers to the area. For example, are you near a major tourist attraction, in a city centre location or near businesses who require overnight accommodation for their staff.
Once you have decided on the location, sign up to property alerts on the two major property search portals, Rightmove and On The Market. Talk to your local property specialists, preferably those who have a history of selling Bed and Breakfasts and ask them to keep you up to date with any new property they take on which might be suitable for a Bed and Breakfast business.
Ensure you do your due diligence and seek any professional advice you require before putting in an offer on a bed and breakfast property. If you need help and advice please speak with one of our specialist agents who will be delighted to discuss your requirements in more detail and recommend accountants, solicitors and business mortgage advisers.
What kind of Bed and Breakfast are you looking to run? Are you keen to have a hotel style B&B with multiple rooms which is open every day of the year? Or are you wishing to have the B&B as a sideline, where you just rent out a couple of rooms on the days that you choose to be open for business?
Running a Bed and Breakfast can be all consuming and so it is key to identify how you want your work life balance to look before purchasing your new business.
Fox Grant Property Specialists often have bed and breakfasts for sale. Please register your details with us and we will keep you up to date with anything that might fit your search criteria.