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Non-Cattle Specific Topics
Coffee Shop
Bed and Breakfast
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<blockquote data-quote="millstreaminn" data-source="post: 1579446" data-attributes="member: 4844"><p>The closest thing I have to a B&B is a 2 bed room self catering log cabin I bought in May 2017. I bought it because it was too close to my farm and I didn't want someone living in it. I paid $74,000, rent it for $225.00 per night and book it through my hotel. For the 2 years I have had it I've grossed $23,883. We only rent it in the summer, so we only market it about 1/2 a year. The hotel pays for the upkeep, taxes, utilities and housekeeping so I pretty much put $12,000 a year in my pocket. I don't know what it costs to insure. It is covered under the hotels umbrella policy so it's lumped in with a bunch of other stuff.</p></blockquote><p></p>
[QUOTE="millstreaminn, post: 1579446, member: 4844"] The closest thing I have to a B&B is a 2 bed room self catering log cabin I bought in May 2017. I bought it because it was too close to my farm and I didn't want someone living in it. I paid $74,000, rent it for $225.00 per night and book it through my hotel. For the 2 years I have had it I've grossed $23,883. We only rent it in the summer, so we only market it about 1/2 a year. The hotel pays for the upkeep, taxes, utilities and housekeeping so I pretty much put $12,000 a year in my pocket. I don't know what it costs to insure. It is covered under the hotels umbrella policy so it's lumped in with a bunch of other stuff. [/QUOTE]
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