Ski Country Inn In Grand County For Sale

Business description

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.

Property information

Real Estate:

Real Property Included

Location:

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.

Other information

Expansion potential:

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.

Competition / Market:

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.

Support & 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.

Reasons for selling:

Larger Opportunity

Trading hours:

Year Round

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller Open

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$1,000 (included in the asking price)