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How to Build $7.5m in Net Worth by Buying a B&B

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Manage episode 486953055 series 2931927
Content provided by Will Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Will Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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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:

Get a free review of your books & financial ops from System Six (a $500 value):

Connect with Acquiring Minds:

Edited by Anton Rohozov
Produced by Pam Cameron

  continue reading

365 episodes

Artwork
iconShare
 
Manage episode 486953055 series 2931927
Content provided by Will Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Will Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Register for the webinar:

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:

Get a free review of your books & financial ops from System Six (a $500 value):

Connect with Acquiring Minds:

Edited by Anton Rohozov
Produced by Pam Cameron

  continue reading

365 episodes

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