Category: News

It is fair to say that offering guests the chance to book online is one of the most crucial factors of running a bed and breakfast or any other hospitality business today. The importance of internet bookings, social media and review sites such as Trip Advisor cannot be exaggerated, as the majority of customers head straight to the web when looking for suitable accommodation. The truth is that every B&B business needs an online presence to facilitate success in the thriving yet competitive UK hospitality sector. Over half a million UK travellers book their rooms online, but not before they have consulted Trip Advisor beforehand. Continue reading “The importance of online booking facilities”

Bank loans are not always the ideal option when it comes to obtaining hotel, B&B and guest house finance solutions, as they often have to be personally secured and not every business owner is able or willing to do this. Fortunately, they are not the only way. There are many different ways to raise essential funding for your new business, and we are here to help you explore all the different options. Continue reading “Assisting you with the Enterprise Investment Scheme”

The British pub is etched into the hearts of the nation. Every long running soap opera has a well known public house, and we are known for our love of our local. The pub trade is currently experiencing rejuvenation and there are many new establishments popping up throughout the country. If your ambition has always been to run a pub or you are looking for a change in career, there are a few simple steps you can follow to give your bar the best possible chance of success. Continue reading “Finding pub mortgages designed to suit you”

If you’re considering purchasing a property with the aim of turning it into a guest house or bed and breakfast, there are many important factors to consider to ensure you make the right choice and buy a building that will be conducive to running a successful business. A property is a major investment, so careful planning is essential if you want to be confident that you are spending your money wisely. Continue reading “Choosing the right property for your B&B”

For many people, opening a bed and breakfast is a lifelong dream. The hospitality sector is thriving throughout the UK, and many people are operating successful businesses in this industry. If you need to secure funding for your new venture, you will require a fully detailed proposal before you approach any lenders. Researching your market is essential in order to devise the right operational strategies for your business and to show lenders the potential of your idea. Continue reading “Know your B&B business before you apply for finance”

In order to create a good impression on lenders and show them that you are a suitable prospect for funding, we need to create a detailed plan that incorporates several important pieces of information about your company. One of the most important aspects of creating a business plan is your cash flow forecast. This is simply a series of predictions relating to the financial incomings and outgoings of your business, based on a series of different factors. Continue reading “The importance of your cash flow forecast”

The hospitality sector is an interesting one which can be influenced by a wide range of different factors including political and economic conditions. Even with current concerns in Europe and Asia, the industry remains strong and there is plenty of investment potential, particularly in popular cities which attract huge numbers of visitors each year, such as London, Paris, Rome, Barcelona and Munich. Continue reading “Current demand makes hotel investment an attractive prospect”

Careful planning is essential for any business, and you will need a detailed business plan in order to apply for loans, mortgages, remortgaging and other forms of funding. Making regular plans will also help you to ensure that the business is staying on track financially, and by regularly setting goals for yourself, you will have something clear to aim for and will be able to consistently improve and expand your operations, learning as you go. Continue reading “Get your staff involved in your business planning”

Before you open or take over a guest house, it is important to have a clear understanding of the workload involved. The number of rooms in the property will have a bearing on how much work you need to do. Naturally, there will be more cleaning if you have a large number of rooms, but there will also be additional associated tasks such as organising bookings, preparing breakfast and all of the administrative tasks. Continue reading “Planning the finances for your guest house”

2014 was an excellent year for the hospitality industry and the predictions for its continued success in 2015 are proving accurate. The UK hospitality sector is experiencing consistent growth, and both new and established businesses are finding it easier to acquire finance from lenders. Continue reading “Presenting lenders with the most attractive proposals”