Grand County Colorado Business for Sale
Ski Country Inn |
| Grand County, Colorado |
Wow! This business, unlike others had a terrific 2008/2009 ski season plus has terrific bookings for the summer. Independently appraised by a renowned commercial appraiser in April of 2009 for 1.2 million. Property is uniquely operated as an upscale European style Hostel. Concept is unique to Colorado ski areas and results in substantial repeat international clientele.
Located on the busiest intersection of the county, it occupies the only corner not occupied by major developers and retailers. Its value as space may exceed its value as an operating business. The business will easily service any debt plus pay a nice cash on cash return. PASSIVE OWNER COULD NET 9 CAP RATE.
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Financials |
| Price: $1,200,000 |
| Gross Income: $290,118 |
| Cash Flow: $143,169 |
| FFE: $100,000 |
| Inventory: $1,000 |
| Real Estate Value: $0 |
| Source Data: |
About the Business |
| Listing ID: #InnHostel |
| Year Established: 2002 |
| Financing: Seller Open |
| Training: Current owner is off site and spends just a few hours monthly. Staff wishes to remain. Plenty of support and training whether buyer is active or passive. |
| Facilities: 6200 Sq. ft. Inn on 52A.M/L next to marjor ski area, on major highway, and walking to rail lines. Pristine and remodeled. REAL ESTATE INCLUDED IN ASKING PRICE. |
| Competition: No other Hostels exist for hundreds of miles. Owner does little advertising but International clientele seek the Hostel out and tell their friends. Word of mouth fuels growth. Aggressive advertising might have a tremendous effect. |
| Growth: Low cost producer for entire county. Owner estimates a 10% price increase would have little effect on occupancy. Premium rooms are priced half of traditional operators in the area during peak season. |
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| Business Listed By |
| Name: Fred Plumer |
| Company: Rocky Mountain Business Authority |
| Phone: 303-646-1722 |
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| The information in this listing has been provided by the business seller
or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information. |
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