Purchasing Bed & Breakfast: Inventory at the Inn…is it Included?

When purchasing a Bed & Breakfast Inn, they are usually sold on a turnkey basis. However, the question of inventory does not always get included in negotiations and this is very important. Purchasing a turnkey business basically means that the Bed & Breakfast Inn should be furnished and able to be up and running when purchased. However, inventory is not always included in the purchase price. Everyday items currently in use at the Inn are included. However, unused/unopened inventory is purchased in addition to the purchase price of the Inn. This can include amenities, sheets, towels, gift area items, liquor (if they have a liquor license), and food items. So do not assume that the purchase price includes these items, as they usually do not. A majority of the time the cost of purchasing the inventory can be offset by advance deposits received from the seller at the time of closing on the purchase of the Inn or Bed & Breakfast.