Having It On a Plate ; the Hospitality Industry Is at the Heart of France. Invest in a Home with an Established Business to Maximise Your Income, Says Penny Kitchen Homes Property
Evening Standard - London › November 24, 2004
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Summary
AS THE owner of a delightful auberge (country inn) and restaurant in western France, Heather Thoreau meets a lot of British hopefuls keen to live the dream. "Their 'business plan' goes something like this: 'We want to buy a super old place, fix it up and do what you're doing; run a hotel and earn enough money to take two months off a year. What we made from selling our semi in Putney should be more than enough to get us started'." It will not, Thoreau says, with feeling. And she should know.
Ten years ago, along with her French husband, Guillaume, she began the restoration of the Lyon d'Or in Anglessur- l ' Anglin, in the Vienne department, turning it from a ruin into a highly recommended hotel that now appears in all the best guides. It was a labour of love that involved dirty, backbreaking work, and came near to sinking them financially.See the full content of this document
Extract
Having It On a Plate ; the Hospitality Industry Is at the Heart of France. Invest in a Home with an Established Business to Maximise Your Income, Says Penny Kitchen Homes Property
"People want to do as we did: buy a ruin and convert it into a business," says Thoreau. "They never seem to consider the advantages of buying a business that is already up and running. Few of them realise the time, effort, expertise, luck and cash needed just with a renovation, never mind the launch of a successful business."
The ...See the full content of this document
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