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'We want to run an inn'
Marta and Art De La Torre
'We want to run an inn'
Ever since Marta and Art De La Torre married six years ago, they've spent nearly every vacation at a bed and breakfast.

And each time, they've toyed with the idea of ditching their corporate careers and joining the innkeeping crowd. (For now, they work at the same hospital; Art in IT and Marta as a finance executive.)

Two years ago, they got serious about their dream. "In health care, people come to you only when they're not feeling well," says Marta. A B&B, by contrast, "is associated with vacations, happiness and good times," adds Art.

THE REALITY

At a three-day innkeeping workshop in June 2005, Art and Marta learned that running a B&B is hard work. "We got the cold hard facts on what it takes," says Art, who vividly remembers the 11-page outline of a typical 16-hour day.

They also learned that the average inn costs $1.2 million and that if they want to derive an income, they need at least eight rooms.

With the $300,000 profit from the recent sale of their house (they're currently renting) and an SBA loan, they should have enough to finance an inn of that size.

They also have another $100,000 in savings set aside for working capital. But most innkeepers plow all profits back into the business, which means Art and Marta will have to adjust to living on a significantly lower income, particularly in the early years.

They don't want to tap pensions or retirement savings for at least a decade.

Can they do it?


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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.