The buyer journey begins with a dream. Most often, the dream begins years before the purchase, a glimmer of an idea. The dream may be inspired by a stay at an exceptional bed and breakfast inn. It may be inspired by the love of travel and special experiences. Often, the opportunity for creativity and self-expression looms large as does the desire to be self-governed and to work with a spouse. Sound familiar?
The next step is to become educated about what it really means to be the owner/operator of a hospitality business. Enter the Hearthside Group! Sign up for one of our seminars, plan a one-on-one intensive, or just pick up the phone to run your ideas by us. You will find us willing participants in teaching you the critical pieces of information you need to know.
Then the search begins. Start to gain an understanding of what type of business will work for you by studying what’s out there in the marketplace. If you want to know whether a particular property that interests you is a clunker or a performer, we will tell you. We will also identify opportunities within any business for improvement.
The excitement really begins when you identify a property that seems to check all of your boxes. Hearthside Group will walk you through the purchase process from lending to inspections to licensing to contract to closing. Again, you will find us to be an endless resource as we have been through this process so many times for all types of hospitality businesses.
Selling your hospitality property brings your journey full circle and allows you to embrace a new future. The process can take anywhere from six months to two years depending on the market. We can let you know how to prepare your finances and your property for sale, set a realistic and achievable selling price, and support you through the process from listing to sale.