Bed And Breakfast Business Plan Template

For that reason James and Alexandria's income are included in the cash flow chart.James will continue working at the Michigan Department of Environmental Quality and Alexandria will continue to work part-time until the inn-keeping business reaches 40% occupancy.Not shown is additional annual income of ,000 in benefits such as medical, dental, and life insurance, vacation time, deferred compensation and pension received from James' primary occupation.

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Each historical house is built in the late 19th century, with five charmingly decorated rooms geared to provide luxurious hospitality at its finest.

• The Victorian Style [NAME] • The [NAME] Inn on 2 acres land The Market The [LOCATION] is one of [STATE]'s number one vacation destination locations.

Walk a few blocks west to find the Munising Historic Museum, Tom Peters Public Library, the downtown shopping area or village shopping area.

Within walking distance are two fine restaurants, the Cradle Saloon and Cappucino Cafe.

Victoria is surrounded by other historic homes and buildings.

Taking a stroll east down the hill, guests will see the Maritime Museum, the beach and bike path at Mc Carty's Cove.

With an average annual capacity of 43% - 47%, the added rooms would generate a new revenue stream of an additional 33% to the Inns.

Projecting only 30% of capacity for the FY 20 would yield an additional income of 7,567.

Victoria will be the owners' private residence and take in guests 365 days a year commencing in August of 1996.

This business is unique in that the business expenses include the owners' mortgage, property taxes, home insurance, and household expenses.