Our New Business

A Presentation by L. Warren

Owning Your Own Business:Are You A Shark or a Sheep?

Unlimited earning potential: Not bound by pay grade or job class!

Unlimited creative freedom: I do what I want!

You are your own boss:No more Colonel Douche to answer to!

Personal pride for accomplishments:The ultimate motivation!

Bed and Breakfast:A Magical Endeavor

Concentrated Awesomeness!!!

Small, rural area

More quality

Inspires creativity

Can host events

Why Maine? 70° summers&

20° winters

New England's

lowest cost of business

Largest fleet of windjammers in

the U.S.

State cat is coon cat

Lets do the Math!!!Empirical Evidence

Recent Gallop polls indicate that small business owners feel satisfied, successful, and predict high cash flow over the next

12 months.

Example:Guilford Inn; $395,000

5 Bedrooms, 5 baths, and

owner’s quarters

Built in 1905; regular

upgrades

4,467 SQFT1.61 acres

Established reputation in the town of Guilford

Driving distance to Lake Region

Dining room, kitchen, sitting room, and

porch

Estimated ExpensesStart-Up Expenses

B&B Cost = 395,000

79,000………......………………...20% Down

4,600……………….......Closing Cost & Taxes

25,000……………………….......Maintenance

25,000………………………..........Furnishing

2,000……………………....Moving Expenses

$133,600 Out of Pocket

Monthly Expenses25 Year Small Business Real Estate Loan at 7%

Amount Financed = 316,000Liability Insurance = 1,200/YearUmbrella Insurance = 350/Year

Property Taxes = 600/Year 2,174…………………………..Monthly Payment 50…………………………………Property Taxes 130……………………….......Insurance Payment 1,500…….Food (Family and Guests) and Upkeep 1,000……………………………………..Utilities

$4,854/Month to Operate$58,248/Year to OperateLoan

TaxesInsuranceUtilite

s

Extras

Monthly Expenses Pie Chart

Estimated ProfitsMonthly Earnings

$120/Night/Room 5 Rooms 75% Occupancy/Month = 112 Rooms Booked/Month

$13,440 Earned from Bookings/Month

Gross Profit $13,440 Intake $4,854 Expenses

$8,586 Monthly Profits$103,032 Yearly Profits

Easier then commandeering the

USS Lexington