Jim and Nancy Anderson are the sole owners of the Magnolia and live at the Inn year around.
The costs of improvements to the building totaled $30,000.
Jim and Nancy purchased the property a year ago with the intent of renovating and opening the business.
The start-up costs will come to $38,000 (including cash required at start-up) which will be primarily financed by Jim and Nancy Anderson.
Joe Anderson, Jim’s father has contributed $15,000 into the enterprise.
Nancy will oversee the inside operations working with the maid and cook as well as taking reservations.
Jim will oversee the maintenance of the Inn and grounds and drive the van to shuttle guests when the need arises.Each guest will be treated with the kind of attention that is reserved for family.The Magnolia Inn is a beautiful facility that sits atop a bluff over looking the Pacific Ocean in scenic Half Moon Bay California.The Magnolia Inn is owned and operated solely by Jim and Nancy Anderson.Jim and Nancy have refurbished a beautiful victorian home to accommodate 14 guests at a time in seven rooms.The Magnolia will provide a full breakfast each morning to our guests with no expense spared.Our target market is the professional couple who lives in the San Francisco area, or people looking for a place to honeymoon.We are a complete bed and breakfast Inn with a full complementary breakfast served each morning to our guests.Magnolia’s target market strategy is based on becoming a destination of choice for professional couples in the greater San Francisco Bay area who are looking for a place to relax and recharge.Click here to view this full business plan The Magnolia Inn is a beautiful facility that sits atop a bluff overlooking the Pacific Ocean in scenic Half Moon Bay California.The Inn offers seven individually furnished rooms, each with its own antique theme.