There is no question that the Hospitality Industry, specifically the Bed & Breakfast segment, was hit as hard as any industry in the country. This unprecedented eighteen-plus months has changed the way we all do business in the short and long term.
With that said, we have been in this business for the past 24 years, and the current demand for our services has never been as strong. We continue to have Covid 19 issues that we all must work around but based upon all available information, this current demand will continue for the next two-plus years.
As great as our business is today the demand for single-family homes (private residence) is greater.
The reality is, your small to medium size Bed & Breakfast Inn (5-7 rooms) may have more value as a private residence than it does as a Bed & Breakfast Inn.
As licensed Realtors with Berkshire Hathaway HomeServices in Georgia, Florida, North Carolina, and South Carolina we can list and market your property as a Commercial Bed & Breakfast Inn as well as a Single Family home.
The Federal Government offered some solutions and we thank them for recognizing the destruction Covid 19 has had on our small businesses. Unfortunately, the deadline of closing on or before September 27, 2021, is fast approaching, and if a buyer applies today the chances of meeting the deadline is almost impossible.
Complimentary Review of Your B&B Inn's Value as a Private Residence
Contact us at B&B Consulting and we will review the details of your specific property, at no charge to you, to determine if your property may have a greater value as a Single Family Home (private residence). Consultant Rob Sales is also a former B&B owner and innkeeper. Rob's experience in these roles means that you will receive knowledgeable advice you can trust about your hospitality business.