Buying a B&B in a Bad Economy

Buying a bed and breakfast is a serious undertaking in the best of economic times. In an economic downturn, it becomes even more of a challenge. According to a recent report in USA Today, "Commercial bankruptcies are surging. Fewer people are starting small businesses, and firms already open are struggling under changing consumer habits, a lack of funding options and tougher bankruptcy laws."

I asked two bed and breakfast industry experts, Rick Wolf of The B&B Team and Howard J. Levitan of Quantum Hospitality Group, to offer some advice for anyone who is currently considering buying a bed and breakfast.

More About Buying a Bed and Breakfast:

• Before You Buy a B&B
• Startup Costs
• Bed and Breakfasts for Sale