How do you price a potential B&B?

From “Ask Kit!”:

Q: I’m a real estate professional preparing to work with a client to sell a former 5BR B&B in a beautiful historic neighborhood in a small town, about 12 miles from the center of a 4-season resort area (lake, ski slope, state forests and parks). They had a successful small-scale business for approximately 8 years (booking as many guests as they could handle given outside responsiblities) before discontinuing the business about 2 years ago.

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