All customers must have a Smart Meter connected to your TV, which will be taken as security and may restrict viewing if you do not pay on time. All customers are required to have a Smart Meter which connects to the power supply on your TV enabling your weekly payments to be managed. If the goods purchased do not include a television, the meter will be fitted to an existing TV that you own. If you fail to make payments on time, the meter may restrict the use of the television. It is important that you speak to us if you think you could fall behind with payments, so that we can help you avoid any restrictions. All purchases must be insured. We offer EPS cover at additional cost if you need it. All goods purchased from BAYV must be covered against theft and accidental damage. Adequate cover must be in place to process your application. If you do not have home contents insurance, we can offer you our EPS cover at an additional cost, but it may not be the best cover if you’re purchasing multiple items.
If you don't pay We can repossess the product if you don't pay. You do not own the goods until the sums required under the agreement have been paid in full. Goods can be repossessed without a court order in the event of default, unless you have paid a third or more of the total amount payable of your regulated credit agreement. Our Current Promotional Offer If you've found the perfect house package, new lounge or dining suite, outdoor setting or bedrooms suite and want to take it home today but are looking for alternative affordable finance options then why not take advantage of Latitude Finance Australia's great instalment interest free finance option. You can make easy equal monthly repayments, where each month you will know exactly what you will need to pay back. Get the furniture you want, when you want it with our super simple process. Visit your local Super Amart store today, to take advantage of this great offer! > Buying an Established Bed and Breakfast
Ready to become an innkeeper? There are a number of advantages to buying an established inn rather than converting a home into a B&B You have a revenue stream from already-booked guests right away You will have a good idea of the cash flow for the business You know what the operating costs of the business are The key systems are already in place to run the business Suppliers have already been sourced Most sellers will be glad to help you with some sort of training/support after the sale However, there are some key steps for making sure you purchase the bed and breakfast that is going to suit you best, even before contacting an inn-broker. Here are my four steps to create the blueprint for your search. Step 1: Understand your ideal bed and breakfast The first step is to get very clear on the type of bed and breakfast you wish to purchase. Clarify what the perfect bed and breakfast would look like. Think about things like location, size, décor, the type of guest you would prefer, seasonal or year-round business, etc.
Get very clear on the amount of revenue it needs to generate in order to maintain the lifestyle you envision having while owning the bed and breakfast. Get some sense of the personal financial investment you can make. Have discussions with your financial adviser and banker. they will try to talk you out of it and present the worst-case scenarios, but it is important food for thought. Step 2: Narrow down the location Now comes the time to narrow down your search area. The larger the area, the more opportunity for finding the best fit. It might be a city, region, or state/province, or even an area of the country you would like to be located in. Base the location on the “vision” you created above. What attractions, events, and activities does this area offer to draw people in? Compare the types of people who come to do those activities with the reasons your ideal guest would come--are they the same? Step 3: Research and engage the services of an inn-broker.
Many of these specialty real estate agents have owned bed and breakfasts themselves, so they have the knowledge to really understand the industry. I recommend you take the time to speak with several agents; it is important that you feel heard and understood and that they grasp what it is you are looking for. A lot of the time, that comes down to communication styles. As you carry on with the next steps, it is important you keep your broker in the loop with the information you uncover during the next steps. Remember that it is important that you do the next steps, whether they think you should or not. Step 4: Put the opportunities into perspective Any purchase is going to come with trade-offs--it’s a fact of life. However, having a clear vision of your idea bed and breakfast combined with an understanding of the local marketplace will aid you in determining which trade-offs you are willing to make. Start researching the competition in the area so you can compare the property you are looking at against these other lodgings.
This will help you understand the uniqueness of the property you are considering, whether there are under-served target markets in the area, and if the current room rates are appropriate. Once you have narrowed down your search to one or two properties, identify the opportunities that each property offers to increase revenue. This is essential, because lenders will want to see you can carry the additional costs of a mortgage or loan. It is also wise to check with the local municipality that you can actually implement your ideas (now or in the future). Have a serious discussion about the pros and cons of each property with the real estate agent so you can get a true feel from someone who has industry experience about how realistic your plan is. Having a clear understanding of what type of property you need and can afford will save everyone a lot of time and effort. Engaging the services of an inn-broker will assist you in finding viable properties; quite often they know of lenders who understand this industry and are more sympathetic to your application than a regular bank may be.