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How to Build $7.5m in Net Worth by Buying a B&B
Published 1 year, 3 months ago
Description
Register for the webinar:
- How to Outsource Your Search: Understanding Buy-Side Advisory - Jun 5th - https://bit.ly/43PpR4R
Christine Traylor is bringing entrepreneurial ambition to a business often dismissed as a side gig for retirees
Topics in Christine’s interview:
- Pivoting from international development to business owner
- Acquiring a historic B&B in Dupont Circle
- A seller who refused to negotiate on price
- Living on site with her family at the B&B
- Calculating the value of the real estate
- Raising 2 small children in their business
- Long, frustrating buying process
- Combining SBA, conventional loan and seller note
- Difficulty in hiring an innkeeper
- Standing out amongst the hospitality competition
References and how to contact Christine:
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
Get a complimentary IT audit of your target business:
- Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or hello@systemsix.com and mention Acquiring Minds
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov
Produced by Pam Cameron