From “Ask Kit!”:
Q: We are looking at a B&B to buy and wondered how to evaluate the business end of it. We have talked to an appraiser on the house and land.
A: Your question is addressed in the blog. If you want more specific pricing information hiring a professional is worthwhile. There are B&B brokers around the country who can help you. Evaluating a sale price is a service I offer as well. Pricing a B&B is usually handled as a package deal, meaning that the real estate and business are priced together. But if you want just the business value, my services address that issue.