Is It Better to Buy An Existing Bed & Breakfast or Start It New? | Ep.
Some people preferred to buy an existing bed & breakfast so they could open immediately, others wanted to design their own from scratch.
What’s the best way to go? I’ll discuss the pros & cons.
Whether it is better to buy an existing bed & breakfast or start new is a question I’m often asked. “What are the pros and cons of buying an established B&B versus setting one up from scratch?”
In this episode, I'll cover the pros and cons of both.
Your first consideration has to come down to your personal situation:
• Which will be more expensive?
• What is your time frame?
• Can you afford to wait to start making an income?
• Do you want your own personal take on your property?
• Are you alright taking some risks?
Continue reading and I will go over some of the most important pros and cons of buying an existing bed & breakfast vs. starting one from new.
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