Getting Access To The Growing Bed & Breakfast Business Market
Stewart Hindley & Partners LLP are the leading name for business planning and securing finance for B & B businesses
Press Release, Sep 18, 2015 : It is widely known that Bed & Breakfasts are the preferred way people in the UK wish to spend some time away. This was confirmed in a recent survey which showed that some 70% of all holidaymakers intend to make use of a B & B over the course of the next year. With such popularity and demand in place for this form of accommodation, it is quite understandable that many of an entrepreneurial spirit are drawn to the sector and seek the ways and means to own and operate a Bed & Breakfast Guest House. Stewart Hindley & Partners LLP are at the forefront of services connecting those wishing to buy a Bed & Breakfast business with lenders and financiers who know and appreciate the value of being in this sector.
A practical question to address is one of whether or not Bed & Breakfast businesses can be as successful as they are popular. In broad terms the answer to this is yes, with an occupancy rate of around 60% being enough to secure a net return of around £30,000. There are, however, a wide range of factors and considerations which must be taken into account on a specific basis when looking at the financial viability of owning and running a Bed & Breakfast business. It is as much for their expertise in assessing and planning for this as their access to supportive financing that Stewart Hindley are called upon.
Once an area to explore purchasing a Bed & Breakfast business in has been established, getting in place a fair and accurate valuation of essential. It is generally accepted that a B & B is valued at ratio of an average of £5 per £1 of turnover generated. This statistic is always a useful reference guide, but in real terms an objective, business specific valuation must be carried out of both the as-is business and the potential to sustain revenue streams. As part of their comprehensive service Stewart Hindley as a standard ensure a recognized valuer is referred to prior to making an in-principle offer.
Stewart Hindley & Partners LLP have over the years built relationships with banks, finance and loan companies that have an intrinsic understanding of the accommodation market sector, as well as an appreciation for the economic value of businesses operating in it. The company connects Bed & Breakfast businesses with financing provided by those who know that a structured and supportive approach to debt servicing is critical to mutually beneficial success and sustainability.
Over the last five years spending on UK accommodation - with Bed & Breakfasts being the first choice for those staying away for one night or more - has more than doubled. It is quite clearly the case that a Bed & Breakfast can be as profitable to own as well as be an attractive business to buy. The right guidance, planning and access to finance is essential to gaining this success. Stewart Hindley & Partners LLP are the proven leisure and hospitality market specialists to deliver the best of this.
Stewart Hindley & Partners LLP are the UK's leading consultants for business finance and planning in the accommodation and leisure sector.
Sep 18, 2015