The Mudcat Café TM
Thread #85310 Message #1579720
Posted By: Dave the Gnome
09-Oct-05 - 06:59 PM
Thread Name: BS: Any advice on running a B&B?
Subject: BS: Any advice on running a B&B?
Knowing the Mudcat there will be plenty:-)
Seriously though. It has long been Mrs G's idea to run a B&B in the Yorkshire Dales. Something has come up - It will cost megabucks to buy but looks like it may pay for itself. I know about business plans etc and think we just may be able to buy it using a judicious combination of private and business mortgages. The first question is with 4 ensuite letting rooms (sometimes 5) at between £90 and £120 a night (Which they are currently getting) would it be realistic to expect the 60% occupancy we would realisticaly need?
I would stay operating as a computer consultant btw - Not enough pay to buy the place but enough to feed and clothe us:-)
It is certainly the type of place we would stay at. We would not like to run an evening meal service but it is close enough (10 minutes walk) from loads of good places to get evening meals. It is prime location, close to enough tourist attractions and to road links but far enough away to be a peaceful haven! The couple who currently run it are retiring.