How To Find The Right Property For You
Expert Guidance, from Search to Settlement
Welcome! Does your interest in owning a boutique property include the fulfillment of both personal and business goals? White Stone Brokers has found that in almost every case, there are personal considerations just as important as financial ones. You are not looking for just any property, or a property that looks good on paper; You are looking for the property that speaks to YOU! Whether you are looking for a bed and breakfast for sale in the country or a chic coastal inn, our expert team is here to guide you.
The ideal way to begin your path to ownership is by attending one of our expertly curated workshops or seminars. We will provide the pertinent tools and resources for you to decide if your future includes buying an established lodging business, or starting your dream from the ground up. The team at White Stone Brokers includes experienced innkeepers and long time hospitality consultants whose combined knowledge is the foundation of the “Better Way To Buy an Inn™” seminars.
How do you narrow your search when there are hundreds of inns, hotels, resorts and bed and breakfasts for sale across the country? How do you evaluate the information provided and decide what properties are worth more than a passing glance? The team at White Stone Brokers will help you narrow your search and discover the property that speaks to your vision. Understanding the economics of hotel operations and innkeeping to become informed on what makes any lodging property financially successful, is an important first principle of ownership. White Stone Brokers will be there from the outset to help you evaluate important financial information and steer you in the right direction.
When we assist in discovering the property that is right for you, the process of negotiating the sale begins. From initial offer to final settlement, White Stone Brokers will work closely with you to assure a smooth transaction. Our entire team is behind you to provide the expert guidance you deserve.
Ready to Start the Journey?
Check out our Complimentary Guide of the 9 Essential Things Every Buyer Should Know
About the Financial Status of Inns for Sale
Understanding the financial status and future potential of any inn, bed and breakfast, resort or boutique hotel for sale is critically important. Every hospitality property that White Stone Brokers represents is evaluated using the following definitions to describe its financial strength:
“Independent Business” refers to a hospitality property that generates sufficient income to cover operating expenses, debt service (mortgage), and owner’s compensation, or has the realistic potential of doing so.
“Investment Level” refers to a hospitality property that generates sufficient income to cover operating expenses, debt service (mortgage), full time management and a profit to owners or investors. Typically, larger size properties.
“Lifestyle” refers to B&B’s that produce enough income to offset some, but not all, operating expenses and debt service (mortgage). Typically, these properties are smaller in size and are priced primarily on real estate value.
With years of firsthand experience in operating and marketing boutique properties, White Stone Brokers has an in-depth knowledge of the hospitality business covering inns, bed and breakfasts, boutique hotels, resorts and guest ranches. Buyers who choose White Stone Brokers to represent them get the benefit of this broad knowledge of the market for lodging properties and our association with other reputable hospitality brokers across the United States.
Purchasing a hospitality business can be the most rewarding personal and financial decision you will ever make. Contact White Stone Brokers to help guide you through the entire process.
Eliot has a unique approach to marketing your B&B. His background in both innkeeping and inn sales provides a detailed and thorough checklist. He adds value and confidence to the relationship and the transaction. I was very pleased with his knowledge, work ethic and attention to detail.
Both the sellers and the buyers in this case benefited from your consultation on the inn’s operations from a historical and pro-forma perspective. Having run an inn for 15 years, you lend a perspective that can only be accumulated from years of “hands on” experience.
I want to acknowledge how wonderful it is to have the cooperation of an inn broker who shares our commitment to the industry and dedicates his career to serving others in the friendly, conscientious way you do.
I just wanted to say “Thank You” for all the help you provided over the past years…. your inn consulting and the advice that you gave me was extremely valuable and always right on the money. Without implementing your recommendations, I don’t think we would have sold our inn at the price we did