InnSpiredINN News- Consulting!

Our most recent consulting requests have bought us too many B&B/Inns in the Western North Carolina Area. Sadly, many of these visits have been discussions about how to keep business’s afloat. The hard, long winter, along with the tough economic times, has been brutal to the many restaurants and B&B’s in the area.

Of the five different properties we visited, one was actually above last year in sales because for many years they have had the attitude of lower prices to keep people coming in. Three of the properties are doing everything in their power to keep their properties open over the next several months until season kicks in. And one is about a year away from facing difficult decisions, but wanted to make sure they are positioned to do the best they can during the economic slowdown.

This leads us to strongly suggest to anyone who is seeing dwindling funds in reserve to not wait until they are days away from having to “go dark”. As anyone knows, closing your doors and trying to sell your property in this condition will make it almost impossible to market your property to potential buyers.

If you missed our last newsletter, our project in Comfort, Texas is gathering rave reviews! This fabulous 250 acre ranch is providing the perfect setting for weddings, corporate meetings, special events and weekend getaways. Check out Riven Rock Ranch at http://www.rivenrockranch.com.

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