Saturday, January 10, 2009

Can anyone help me find information about Bed and Breakfasts? -

I m doing research for a business class. I need to know on average how much money a Bed and Breakfast near a moderatly visited mountain ski area would make a year? If anyone knows first-hand or a website that might have that kind of information that would be great. Since most B Bs are run by only a few people and not traded they don t post their numbers. Thanks!

Google it, Tara.

The figures would depend on a number of factors. What you need to do is create a model and go from there. How many rooms? What is included? How much does it cost to keep a guest there one night? How much will the guest pay for that night? What is the rate of occupancy year-round? Peak season? Summer? What does moderately visited ski area mean? You have to define your terms. The few people that I know who run B Bs had a good bit of money before opening their establishements. The business operate in the black but are not enormous money makers. Most people who run B Bs do so for the lifestyle; many of them have come away from high-pressure stress jobs to become innkeepers.In other words, while a well-run inn would make a profit, the average B B more than likely comes out just better than even each year.There are a number of books on how to open and run a B B and lots of websites:http://www.spitzerhouse.com/Articles/Inn��(check out the links at the bottom of the spitzer page)http://www.businessplanworld.com/plan.ht��http://www.openabedandbreakfast.com/http://www.amazon.com/Financially-Succes��

Most B Bs don t make a profit. Most operate to help pay some of their bills. They are Hobby Businesses.

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