Ok this is an old thread but I do believe people use threads like this for information - also I want to set a few things straight which I disagree with.
The question was about making a reasonable living.
One existing Gite owner stated that you need an additional income, I have to say that is a blanket statement. Its like "how long is a piece of string".
My wife and I have owned two tourist businesses and we run a website for people buying and selling them, we have tons of experience, not just ours but what we see and hear running the website.
Counter example: We had a ten bedroom, ski and summer season tourist business in France 90% of our customers were French and we did not have any alternative income but we did have a small mortgage - we made more than we needed to live on.
My wife speaks Danish and German and has a working knowledge of Dutch so we were able to pull in small numbers of visitors from Holland. Germany, Denmark and so on - do not make the mistake of thinking that people who can speak English will always want to speak English and really for both political politeness and good basic business sense you really do need to have moderate French under your belt either before you start or within a year or two - any additional languages are a bonus.
So here are some points.
- Tourist/Gite businesses vary - some will support a family some will not.
- Number of seasons? Location ?
- Do you speak French well enough to attract French guests? An "English" only tourist business in France is a bit like an engine firing on two cylinders, it will only scratch the surface of the available clientele and put you and your business at a greater level of risk. We had many months solidly booked with French guests when linguistically challenged businesses of a similar nature only 5km were struggling. I am sure there are some fantastic businesses in France where no-one can speak French but as a thumb rule lack of linguistic ability will cut you off from at least 50% of your market and quite possibly much more.
4.Have you business acumen - some people leak money like sieves, other people know how to provide a quality service and yet spend little providing it.
- Do you have lots of skills - good DIY and practical skills - the more you can do yourself the less you pay out.
- Do you like people? Can you create a pleasant atmosphere? Watch the hotel inspector on UK television, if you watch ten episodes and do not understand the criticism or advice she lays at people's feet?
- Do you have at least 50% of the asking/final price in hard cash? We sold both our tourist businesses ( on our own website ) and at least 8 out of 10 people were naive in terms of what they would be able to borrow from a bank. We were generally good natured about this - not all sellers are so forgiving and you may well get your nose bitten off if you approach a seller with naive ideas about what you can afford. Its a good idea to talk to a bank in the area you are looking first and get some kind of an idea what your realistic budget will be.
And with all due respect to other posters here, just as there is no one size of shoe then it is not realistic to categorize or pigeon hole tourist businesses - the only way to really learn more is to get out there and do some serious research.
Some rose tinted dreams do actually turn into reality but the canny buyers do copious amounts of research and realize there is nothing fluffy about running a tourist business and surviving to make a good living - you need to be just as good a business person as anyone else making a living in a competitive arena.
Apart from doing the ground work to find out what your budget is and what it can get its also a very good idea to source out the department tourist stats which will helpfully allow you to look at overnight stays and get an idea what the level of demand is in the area you are interested in.
Its all about research and good business sense.
kind regards
Jon - www.BuyMyDreamHotel.com ( est 10 years )
former French tourist business owner.
former campsite owner.