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Bed and Breakfast Business Plan

Coach House Bed and Breakfast

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Management Summary

The Coach House will operate as an owner-occupied business. Salary for the first year of operation is indicated on the Personnel table. This salary, though low, is reasonable considering that major living expenses (mortgage, utilities, etc.) will be covered by the business.

6.1 Personnel Plan

As mentioned above, Mr. Maesh will reside on the property while performing necessary day-to-day management tasks. The co-owner, Mr. Williams, is currently employed in Indiana, but will retire in September 2000 and will relocate to the Tybee Island. Since he will reside off of the property, his total planned compensation is higher than that of Mr. Maesh's. The table below outlines projected personnel plan for Coach House.

Personnel Plan
2000 2001 2002
John Maesch £12,000 £15,000 £18,000
Frank Williams £3,000 £20,000 £22,000
Total People 2 2 2
Total Payroll £15,000 £35,000 £40,000
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Personnel Plan
2000 2001 2002
John Maesch £12,000 £15,000 £18,000
Frank Williams £3,000 £20,000 £22,000
Total People 2 2 2
Total Payroll £15,000 £35,000 £40,000