You could say that starting a bed and breakfast is the definition of a home business. In the old days when homeowners had additional space and wanted to make extra money they took in boarders, nowadays this practice is called running a bed and breakfast inn.
Operating a bed and breakfast business can be a family affair that provides the opportunity for your whole family to work together. Becoming an innkeeper is also a great way to supplement your income while your property appreciates in value.
A bed and breakfast inn provides travelers with all the comforts of home, often for the same or less than a normal hotel room would cost. Operating your own bed and breakfast is the ideal occupation for anyone who loves being a host or hostess and inviting people into your home.
Best Locations for a Bed and Breakfast Business
Bed and breakfast locations that are close to tourist areas are generally the most popular. If you love decorating and keeping a beautiful home, live in a nice area, are close to tourists spots, the beach, scenic area, or other natural habitat, a bed and breakfast business might be right for you.
As a bed and breakfast business operator the more rooms you have available for occupancy the more money you can make. According to a national study conducted by the Professional Association of Innkeepers International, “profitability with fewer than six guest rooms is difficult.”However, if you live in an area with a warmer climate that is suitable for your round visitation, you may be able to get by with fewer rooms. Catering to business class customers is also another option. You can offer a more private and personal overnight accommodations to be able to charge a premium price.
To be successful as an operator of a bed and breakfast you will need to have a variety of skills. You will need to have a personable attitude since running a bed and breakfast depends heavily on your people skills. The skills most important our business planning, home decorating, housecleaning, and marketing.
One of the disadvantages associated with a bed and breakfast is that your income is directly associated and limited to the number of rooms in your home. In addition this business requires that you are often at home, where tied to your phone. You will also need to meet certain requirements, building codes, health and safety certifications, and local business standards.
Before you begin you’ll want to determine how many people you’d like to accommodate. You will want to check with your local zoning board after City Hall to find out the process for getting approved for a B&B in your area. Next you’ll want to check to see what other bed and breakfasts are charging in your area. Survey what your competitors are charging so you can get a feel for the going B&B lodging rate in your area.
If you’d like more information on starting a bed and breakfast check out this valuable guide .
- Know what is required to start a B&B
- Determine room rates
- Set guest policies
- Handle housekeeping and maintenance
- Attract new clients
- Deal with billing and accounting
- Keep proper records
- Manage your cash flow
- Keep your customers happy and talking about you
- Grow your bed and breakfast business
For more information about starting a bed and breakfast visit this link.
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