Bed & Breakfast
How to use this
interactive guide?
This
checklist looks at some key factors and is designed to help you decide if
opening a Bed & Breakfast is an opportunity for you and your farm or
not.
Taken
overall, if you answer ‘Yes’ to most of the questions posed and like
the broad financials, then opening a Bed & Breakfast may well be
feasible.
Your Farm
- Spare
bedrooms in farmhouse?
- Spare
bedrooms, or potential, in outbuilding?
- Potential
guest lounge?
- Dining
room to serve breakfast?
- Bedrooms
could have en suite or guests use a separate bathroom?
- Guests
not affected by undue farm noise, smells, mess?
You
(and your family)
- Available
morning and evening to care for guests?
- Available
day-time to take bookings?
- Prepared
for high level of customer contact?
- Happy
to have guests in your home?
- Ability
to deliver quality English Breakfast?
- Family
understand/support high degree of customer contact?
Financials
- Capital
to provide quality bedrooms.
(£1,500-£3,000 plus; if adding private bathroom - £7,000-£10,000.)
-
Potential
profit (before any interest/capital repayments) £1,000-£2,500
per room per year.
-
Loan
interest/repayment. To
repay £1,000 over 10 years @ 8% interest requires annual outlay
of £150. (Interest
and capital repayment)
What is your initial
conclusion?
Looking
at the above questions under Your Farm and You (and your family) and
the outline Financials -
Is this an option you should be considering?
Would
you like to continue?
Bed
and Breakfast - Self-catering
- Static
caravan site
Camping/Touring
caravan site - Camping
Barn/bunkhouse
Visitor Attraction
- Restaurant/Tea
Room
*This
Guide has been produced by South West Tourism, working through MPA. It
was originally developed with the assistance of DEFRA and EAGGF
funding.
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