Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

B&b maine

228 views

Published on

A quick PPT to convince my husband to uproot our life, move to Maine, and open a bed and breakfast.

Published in: Business, Economy & Finance
  • Be the first to comment

  • Be the first to like this

B&b maine

  1. 1. A Presentation by L. Warren
  2. 2. Unlimited earning potential:  Not bound by pay grade or job class! Unlimited creative freedom:  I do what I want!  You are your own boss: No more Colonel Douche to answer to! Personal pride for accomplishments: The ultimate motivation!
  3. 3. Bed and Breakfast: A Magical Endeavor
  4. 4. 70 summers & 20 winters State cat is coon cat
  5. 5. 5 Bedrooms, 5 baths, and owner’s quarters Built in 1905; regular upgrades 4,467 SQFT 1.61 acres Established reputation in the town of Guilford Driving distance to Lake Region Dining room, kitchen, sitting room, and porch
  6. 6. Estimated Expenses Start-Up Expenses B&B Cost = 395,000  79,000………......………………...20% Down  4,600……………….......Closing Cost & Taxes  25,000……………………….......Maintenance  25,000………………………..........Furnishing  2,000……………………....Moving Expenses $133,600 Out of Pocket Monthly Expenses 25 Year Small Business Real Estate Loan at 7% Amount Financed = 316,000 Liability Insurance = 1,200/Year Umbrella Insurance = 350/Year Property Taxes = 600/Year  2,174…………………………..Monthly Payment  50…………………………………Property Taxes  130……………………….......Insurance Payment  1,500…….Food (Family and Guests) and Upkeep  1,000……………………………………..Utilities $4,854/Month to Operate $58,248/Year to Operate Loan TaxesInsurance Utilites Extras
  7. 7. Estimated Profits Monthly Earnings  $120/Night/Room  5 Rooms  75% Occupancy/Month = 112 Rooms Booked/Month $13,440 Earned from Bookings/Month Gross Profit  $13,440 Intake  $4,854 Expenses $8,586 Monthly Profits $103,032 Yearly Profits

×