SUN. NOV. 5th/GRAND RAPIDS, MI: Michigan Lake to Lake B&B Association will be held at the Doubletree by Hilton. I will be presenting at this session. Stay tuned to the MBBA conference site for more info. SUN. DEC. 3rd/LAKE GENEVA, WI.: Wisconsin B&B Association will be held at: The Abbey Resort in Fontana, WI. I will be presenting at this session. Stay tuned to the WBBA conference site for more info. SAT-SUN. JAN. 6-7; ORLANDO, FL: Professional Association of Innkeepers International will be held at Rosen Shingle Creek. Stay tuned to the PAII conference site for more info.
SUN.- TUES., Nov. 5-7/GRAND RAPIDS: The 30th Annual Innkeeping Conference of Michigan Lake to Lake B&B Association will be held at Doubletree by Hilton in Grand Rapids. I'll be exhibiting at the conf. Stay tuned to the Lake to Lake site for more info. MON.- WED.,DEC. 3-5/LAKE GENEVA, WI.: The 29th annual Wisconsin B&B Association will be held at: The Abbey Resort in Fontana, WI. I will be presenting at the conference Stay tuned to the WBBA conference site for more info. SAT-TUES., JAN. 6-9, 2018/ORLANDO, [...]
In March, 2017, Dan & Amber Genzink bought my Heritage Manor Inn listing In November, 2015, I assisted Al Heminger (2012 Lake to Lake Innkeeping Seminar Graduate) and his brother Tim in the purchase of the Twin Gables Inn/The Hotel Saugatuck, Saugatuck, MI. In August, 2014, Bob & Ellen Alderink (2013 Lake to Lake Innkeeping Seminar Graduates) bought my Ludington House B&B listing , Ludington, MI. In May, 2013, I assisted Al & Kara Heminger (2012 Lake to Lake Innkeeping Seminar [...]
The following Michigan inns have sold:Lamplighter Inn, Ludington; Victoria Resort B&B, South Haven Heritage Manor Inn, Fennville; Looking Glass Inn, Grand Haven; Gingko Tree Inn, Mt. Pleasant; Kingsley House, Fennville; Boyden House , Grand Haven; Outback Lodge, Stanwood; Newnham Suncatcher Inn, (house rental) Saugatuck; Chelsea House Victorian Inn, Chelsea; Hall House, Kalamazoo (house); Hart House B&B, Hart;Twin Gables Inn/The Hotel Saugatuck, Saugatuck; Sylvan Inn , Glen Arbor; Khardomah Lodge, Grand Haven; Sunburst B&B, Ludington (house); Crimson Cottage, Holland (house); Chicago Pike Inn, Coldwater (house) & [...]
The Inn Broker, Inc is the premier B&B broker between the Rockies and Appalachian Mtns. I can help you locate the Michigan inn of your dreams. Don't waste your time contacting local listings directly. I can set up an itinerary of inns to visit for you. We usually discuss this itinerary of visits beforehand so you have a better idea of what you're going to learn on your visits. I track most of the B&Bs and inns that are listed [...]
Loyal customers should be rewarded! If a B&B buyer will exclusively use the Inn Broker, Inc. in the purchase of one of my $1M+ featured listings, they will receive a $5,000 Loyalty Incentive payment at closing! The Loyalty Incentive is $2,500 for my featured listings that are sold at less than $1M! The Loyalty Incentive for non-featured listings (another broker’s listing) is $2,500 for $1M+ listings & $1,250 for listings below $1M. Let Bob Fuehr put his 26+ years of [...]
When I started the Inn Broker, Inc. in 1990, B&B sellers did all the financing for buyers. At that time, banks thought B&Bs were a fad. In the next decade, banks were more willing to lend on inns. Within the last few years, there have been a number of totally seller financed sales. The sale becomes greatly simplified by limiting the parties to just buyer and seller with no lender. This also usually provides a lower downpayment and better loan [...]
While buying a B&B is a lot like buying a house, there are some differences. If you’re more than 6 mos. from making your move, you should be reading the B&B books and magazines, attending a B&B seminar, visiting B&B’s as a guest, vacationing in your area of interest, and volunteering your time at a local B&B to experience the "feel" of innkeeping. Once you’re within 6 mos. of moving, you should put your house up for sale and begin [...]
Bob Fuehr, The Inn Broker, Inc. works in Michigan as a seller’s agent or transaction coordinator, should I, as a buyer, be represented? Yes, you should be represented by expert counsel- such as an attorney, appraiser, accountant and home inspector. These professionals should be providing professional advice from which should assist you in making a business decision on the purchase of an inn. Real estate agents should not offering advice in those areas unless they have some specialized training or [...]
Most innkeepers have some type of supplemental income in addition to their B&B income. Since many inns average 20-40% occupancy, there are many low season opportunities to have outside commitments. In an average setting, most inns won't cash-flow if they are less than 5 or 6 rooms. However, bear in mind that a large portion of your daily overhead expenses such as mortgage, insurance, utilities, phone, etc. can be paid for by pretax income from the inn which results in [...]
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