Setting Up Your Own Bed and Breakfast Accommodation
Leaving behind the daily grind and opening a bed and breakfast in a quaint country village is a relatively common daydream for many people. In fact there are close to 20,000 bed and breakfasts dotted across the UK so obviously for many people this dream has become a reality. If you are considering turning your dream into something more, don’t do anything until you read these top tips for setting up your own B&B accommodation.
Choose Your Location CarefullyBed and breakfasts can be found everywhere from the most rural of areas to the most bustling of cities, so choosing your location carefully means more than just selecting a property. Before deciding on a particular area, be sure to research the type of visitors that you could attract to the location. Consider:
- Is there a tourist attraction in the area that will bring in visitors year-round?
- Is there a major festival or event nearby that will guarantee guests at particular times?
- Is there a university in the vicinity that could provide guests in the friends and families of students?
- Are you in a major city or business area that will attract a steady stream of business travellers?
- Are there amenities close by (seaside, playgrounds, etc.) that will attract families?
- Finding out if you need planning permission from the local authorities to open a B&B
- Informing your insurance company of your plans and discussing adjustments to your policies
- Inquiring if you need any further forms of insurance for turning your home into a B&B
- If you are planning on employing staff, be sure to ask about Employee Liability cover
- If you are planning to use your personal vehicle for business purposes, it will also need to be insured for such
- Researching if you will need a fire certificate or any other forms of health and safety clearance before you open your B&B
Budget for Your Business CostsThink of yourself as a business from the moment you get the all clear to open a bed and breakfast in your home. While this lends you professionalism, it also means that you will face specific business costs associated with your new venture. When budgeting for your B&B, don’t forget to include:
- Building costs associated with upgrading and refurbishing bedrooms
- Building costs for any en suite additions needed
- New furniture for guest rooms and common areas
- New linens such as towels and bed sheets for guests
- Don’t forget to include the price of quilts or bed coverings, as well as blankets and plush pillows, to make each room inviting.
- Food costs associated with snacks and breakfasts
- Utilities such as cable television or broadband/wireless Internet access that will appeal to guests
- Landscaping for your gardens
- Signs for the property