i have a friend who owns a B&B Inn, and she supplements by having some
food and drink for sale...she is in a place where there are not other
stores-0-grocery or otherwise-0-nearby so she has lots of patrons. Not
sure if that would work in an area with multiple other options near by.

Would you have a person or persons who can run the place if you need to
get away? Do you have a patio or living room area where you could host
folk concerts? We have held a "house concert" at a B&B and a good time was had by all (not sure if insurance and Entertainment permits would
be prohibitive). Also you might consider offering up your place as a
place for touring musicians to stay for promotional mention at their performances if they play elsewhere...

perhaps there is a consortium of B&B's or a chamber of commerce in the area that could refer guests to you. A charming name and an attractive
web site fand you are good to go...it probably already has a name and
a reputation...it won't be like starting from "scratch". Perhaps you
could allign with such an organization as Hostel and become part of a network.

It could become a folk Mecca!

good luck and keep us posted whatever you decide~

see:
www.theinnkeeper.com
www.bedandbreakfast.com
www.bbonline.com/
www.ibbp.com/
www.visitus.co.uk/
www.bedandbreakfastnationwide.com/ (also UK)
www.yha.org.uk/

in Sweden there is a network of Vandrerhem (wanderer's homes)
and here is a quote from a traveller's article:
"The best experience we ever had was 3 years ago staying in different youth hostels (vandrerhem). It was simple but clean, nice, cheap, friendly. The food (breakfast) was varying in choice but always very good."