Magnolia Inn

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Bed and Breakfast Inn Business Plan

Management Summary

Jim and Nancy Anderson are the sole owners of the Magnolia Inn. A small staff consisting of a cook and maid will work at the Inn. The rest of the tasks will be done by Jim and Nancy. Jim is responsible for the outside maintenance of the grounds and of the Inn. He will also drive the van for guests when the need arises. Nancy will organize the day to day operations on the inside and handle reservations. Both Jim and Nancy will promote the Inn through the advertising methods discussed in the marketing strategy section. Nancy will also work with the cook to purchase the food served at the Inn.

7.1 Personnel Plan

Jim and Nancy sold a small motel a year and a half ago with the intent of finding the ideal location for a bed and breakfast. The personnel plan consists of Jim and Nancy's schedule plus that of the staff. Stacie, our cook will work 20 hours per week and will help with the shopping for the supplies. Carol will work full time preparing rooms and helping with taking reservations and watching the Inn when Jim or Nancy cannot be there. Jim and Nancy will live at the Inn with their own quarters on site. Jim's dad will receive $500 dollars each month until the $15,000 dollars he invested is payed back. The total payroll equates to $111,000 including the $57,000 dollars that Jim and Nancy will take out as their salary.

Personnel Plan
Year 1 Year 2 Year 3
Owners $57,000 $65,000 $65,000
Full time Staff $48,000 $52,000 $54,000
Total People 4 4 4
Total Payroll $105,000 $117,000 $119,000