inn valuation

Buyers Ask: How did the seller come up with the price?

šŸ” Offered at $1,500,000 šŸØ A very common question I seem to get regularly from buyers is “how did you come up with the price?”. That’s a very good question. I don’t come up with a price, my sellers do. A listing agent advises, the client decides. What we do at The B&B Team is a very …

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Gross Income Should Not Include Lodging Sales Tax When Talking Value!

When our guests pay for their full stay, we include our local state sales tax. How this translates in accounting terms is that the cost of the room is revenue earned and the state lodging sales tax is a liability. The tax is not ours to keep, it’s ours to pay to the state each …

Gross Income Should Not Include Lodging Sales Tax When Talking Value! Read More Ā»