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Rick Wolf and Peter Scherman
Inn Consultants and Brokers Since 1993
Interests: The B&B Team helps our clients reach their personal and financial goals in the boutique lodging industry.
Recent Activity
After a long year of fits and starts, and a two month hiatus from blogging while our new site was completed, we are back in the saddle with our blog posts, but not here! In fact, this site will come... Continue reading
Posted Sep 10, 2010 at The Innkeeper's Resource
Whatever business you are in, if you’re self employed there are two stages of work. We work “in” our business, and we work “on” it. There’s a big difference. Most of us believe we are pretty good at what we... Continue reading
Posted Jul 5, 2010 at The Innkeeper's Resource
As an innkeeper and homemaker I have always been baffled by the mattress industry. Did you ever have a mattress salesperson give you a straight answer? The more you shopped, the more confused you got. Recently Rick and I ventured... Continue reading
Posted Jun 25, 2010 at The Innkeeper's Resource
After Peter's recent posting about the simple joys of sitting on the porch and the numerous comments it elicited, I thought I would share a brief 'reading' with I wished I had written, but will be pleased to share... Continue reading
Posted Jun 17, 2010 at The Innkeeper's Resource
Every morning, spring, summer, fall, and winter, I sit on my front porch in my wicker rocker to drink my coffee. And every morning I take at least two photographs with the same settings of the same views. It’s kind... Continue reading
Posted Jun 9, 2010 at The Innkeeper's Resource
I subscribe to piles of blogs and newsletters about marketing and advertising, social media, hospitality, demographics, and trends that affect all of the above. Some of these are pretty esoteric, and some are very down-to-earth practical. One of our jobs... Continue reading
Posted May 7, 2010 at The Innkeeper's Resource
To stand out from all the rest, ANY product needs its unique selling feature that will lure the shopper to its website, and ultimately make the purchase. Bed & Breakfast Inns are no different. Your search engine optimization efforts will... Continue reading
Posted Apr 9, 2010 at The Innkeeper's Resource
It’s spring, the time of rebirth and renewal. We’re coming out of a deep recession, and every Innkeeper would like to make more money in 2010 than in 2009. How do you do that? Do the right thing. Be smart... Continue reading
Posted Apr 2, 2010 at The Innkeeper's Resource
Many of us grew up as ‘space age boomers’ along with NASA. From making our own space helmets out of tin foil to watching men walk on the moon from our black and white TVs, we have witnessed history! Then... Continue reading
Posted Mar 24, 2010 at The Innkeeper's Resource
The enormously successful Innkeeping Conference finished last Thursday evening, but for The B&B Team, it finished Saturday evening after an extra day of meetings and a great night on the town in Austin. Sunday morning rose beautifully in the Hill... Continue reading
Posted Mar 19, 2010 at The Innkeeper's Resource
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Mar 15, 2010
Innkeepers are the best when it comes to delivering a great experience for their guests. Smiles come easily, breakfast is delicious, and the world just looks, well, rosy. Or does it? On the best of days even the best inns,... Continue reading
Posted Mar 5, 2010 at The Innkeeper's Resource
Not the New York Yankees…..but Dan and Penny Cote, the proud new Innkeepers of Inn Victoria of Chester, Vermont! Welcoming these new Yankees are the former Innkeepers, Jon and Julie Pierce, who just happen to be British! The B&B Team... Continue reading
Posted Feb 4, 2010 at The Innkeeper's Resource
Thank you to all who have shared your comments. There's not much to say or add except that I continue to be touched by the true heart of innkeepers. Carry on!
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Thank you for your comments, Gale. We'll take your suggestion for a post-seminar "Where To Go From Here" list on board.
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Thanks for your comments, Vinnie. Unrealisitc valuations by owners is a cause of many inns staying on the market even longer than they would under normal conditions. It's one of the reasons why at The B&B Team we don't take on work unless we can do a professional valuation that results in a price that is both reasonable and defensible. Some brokers will simply ask what a seller wants and list the property at that price. That's unacceptable, in our view. There's always a compromise between what a seller wants and what a buyer wants, but that's what creates a marketplace!
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Thanks, Cindi. You are absolutley right when it comes to actually selling. While our article was intended to communicate issues of value, even correctly valued and well marketed inns can take 2-3 years in NORMAL times, and these are anything but normal!
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Thanks for the questions, Chuck. Anyone considering any kind of construction project should check with local authorites for permission. And any new business might be regulated. It seems to me that, in general, if an inn can currently offer massage services to their guests, that having a dedicated space for that purpose shouldn't be a problem. But ordinances might dictate that any "spa" facility meet certain guidelines. There will always be a difference between offering spa services in a facility for your guests and having a spa open to the public (a day spa) which would truly be a new type of business with licensing and permitting issues. When in doubt, ALWAYS check with your local government.
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Thanks for the comment, Henri. You have personally helped me link to more folks on Facebook, and I appreciate the guidance and encouragement. When I have a bit of spare time, I'll have to map out a strategy like you suggest.
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