Maryland Bed and Breakfast Business Ownership: Pros & Cons

June 14, 2016
Maryland bed and breakfast business ownership

Thinking of starting a bed and breakfast in Maryland? Here are some things to consider, including our pros and cons list, to Maryland bed and breakfast business ownership in the area.

Pros:

Picturesque Farmland

Imagine driving along green pastures to your weekend getaway, waking up to the chirping of birds in the trees outside your window, and going for an afternoon ride through the woods on your favorite steed. Known for idyllic farms, the eastern part of Maryland offers guests year-round activities to enjoy; including ski resorts in the winter and camping sites, hiking trails, bike paths, and fishing spots in the summer. With historical sites waiting to be discovered, your guests will find the adventure, charm and serenity they seek.

Close to Big Cities

While Maryland has plenty of beautiful farmland, it’s also home to the incredible city of Baltimore. One of the nation’s oldest and most culturally significant cities, Baltimore has its own symphony orchestra, opera, theaters, and museums. Other nearby cities include Washington DC, Philadelphia, and Pittsburgh. While New York City isn’t quite close enough for your guest to explore on a night out to the city, it (and other nearby metropolitan areas) could provide a steady stream of clientele looking for a weekend retreat.

Cons:

Startup Expenses

As with any new business, there will be startup costs. You’ll need to invest in marketing to get the word out about your bed and breakfast; as well as renovations depending on the property. If you’re new to hospitality, it’s also a good idea to hire a consultant who can get you set up with good practices and systems to ensure your guests are both safe and happy.

Finding the Right Property

The big question is whether to buy or build. While Maryland offers the idyllic farmlands and high-end homes bed and breakfast guests seek, finding both of them on the same property is a challenge. Many bed and breakfast owners in the state have chosen to build, rather than buy, which slows their business down considerably.

If you want to get started right away, you may want to check out Hill Meadow Farms. This estate sits on 75 acres of green pastures, rolling hills, and woodlands. Not only will guests love the little pond, dock, equestrian facilities, and the historical cabin built in the 1800s, the bed and breakfast is already built and ready to be enjoyed. Perched upon a hill overlooking the property, this large colonial style home provides all the comfort, relaxation and amenities your guests (and you) could desire, including a wine tasting room, 2,000 square feet of porches and patios, and a chef’s kitchen. As a former bed and breakfast, the renovations needed for this incredible home and property are minimal.

What’s even more incredible, is that you could be just 30 days away from opening your doors. Hill Meadow Farms will be available at a luxury no reserve absolute auction on June 30th, 2016. To learn how you can get a fast start in bed and breakfast ownership at Hill Meadow Farms, contact us or call Supreme Auctions directly at (866) 929-2243 today.